Patrick Dumont Plans to Reduce Mark Cuban Mavericks Stake
The Dallas Mavericks ownership group aims to further decrease Mark Cuban's remaining stake in the organization.
Updated on Oct. 27, 2026 in Basketball
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The ownership group led by the Adelson and Dumont families is moving to buy down Mark Cuban's remaining 27 percent stake in the Dallas Mavericks to 7 percent. This move follows the initial majority stake sale in 2023 which valued the franchise at $3.5 billion.
Why it matters
Mark Cuban has expressed public regret over the 2023 sale because he no longer retains control over basketball decision-making. The transition signals a shift in the team's front office operations and overall management strategy.
The franchise reached a $3.5 billion valuation during the 2023 majority sale. Patrick Dumont currently holds the contractual rights to reduce Mark Cuban's ownership from 27 percent to 7 percent within the next 13 months.
The players
Mark Cuban
He is a prominent entrepreneur and television personality who served as the majority owner of the Dallas Mavericks for over two decades.
Patrick Dumont
He is a lead executive representing the Adelson and Dumont families in their ownership of the Dallas Mavericks.
Masai Ujiri
He is an experienced professional basketball executive who was hired as the team's chief basketball decision-maker in 2026.
Nico Harrison
He is a former sports executive who served as the general manager of the Dallas Mavericks until October 2025.
The details
Patrick Dumont has overhauled the team leadership, notably hiring Masai Ujiri as the chief basketball decision-maker in May 2026 after firing general manager Nico Harrison in October 2025. Mark Cuban, who remains a minority owner, was spotted at the team's home opener on October 24, 2026.
Timeline
Mark Cuban sold his majority stake in the Dallas Mavericks in 2023.
Patrick Dumont fired general manager Nico Harrison in October 2025.
Masai Ujiri was hired as the chief basketball decision-maker in May 2026.
Mark Cuban attended the Mavericks home opener on October 24, 2026.
Dumont intends to complete the buy-down of Cuban's stake over the next 13 months.
Season Trajectory
This transition in ownership and front office management represents a significant pivot from the long-term culture established during the previous ownership era. The consolidation of control under the Adelson and Dumont families fundamentally changes the long-term decision-making structure for the franchise.
The shift in front office personnel and ownership stakes signifies that long-term basketball operations are now centralized under Masai Ujiri. Fans and analysts should anticipate that future roster building and personnel decisions will reflect the vision of the new leadership rather than the previous regime.
The takeaway
The evolution of the Mavericks ownership structure highlights how quickly franchise management can shift following a majority buyout. Maintaining awareness of front office leadership changes can provide valuable insight into the future direction and performance of the team.
Further reading
For more information on team operations, visit the Dallas Basketball page.
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