Connect with us

Dallas, TX

Mark Cuban takes legal action against Dallas Mavericks ownership over potential new arena deal

Published

on

Mark Cuban takes legal action against Dallas Mavericks ownership over potential new arena deal


Mark Cuban has gone to court over frustrations that he’s being kept in the dark about the Dallas Mavericks moving forward in their quest to build a new arena.

Cuban’s lawyers have filed a petition in Dallas County district court seeking sworn testimony from a corporate representative of the Arena Development Institute, a company formed by Mavericks ownership in Delaware.

In June, the Mavericks announced that they had entered into an option agreement for the potential purchase of 104 acres of land at the former Valley View Mall site in North Dallas.

The Mavericks’ lease at American Airlines Center expires in 2031, and the team hopes to move into a new building ahead of the 2031-32 season.

Advertisement

Cuban claims that this potential new arena deal could violate contracts he already has in place with the Mavericks’ owners in Texas.

In the document Cuban filed, he outlines his version of how he sold his majority stake in the Mavericks to Miriam Adelson and her son-in-law Patrick Dumont, the Sands Corporation CEO who also serves as the Mavericks governor. Cuban said he began working with them in 2019 to pass gambling in Texas. Their goal at the time was to build a “Venetian style destination resort” somewhere in the Dallas-Fort Worth Metroplex.

In 2023, Cuban officially sold his majority stake in the Mavericks to Adelson. Cuban said that they had a handshake agreement in place where he would remain in control of the Mavericks’ basketball decisions while Dumont would be in charge of the team’s business side.

“This handshake agreement was reiterated in multiple emails and orally in the presence of Dumont, Miriam Adelson, another NBA owner, and Mavericks employees,” Cuban’s legal action read.

The Athletic asked Cuban if he could produce these emails. Cuban replied, “Can’t say anything at all.”

Advertisement

Dumont, of course, leaned on former general manager Nico Harrison to make basketball decisions, which went well — at first. The Mavericks made separate moves for P.J. Washington and Daniel Gafford ahead of the 2024 trade deadline, which resulted in them catching fire to close that season and making a surprise run to the NBA Finals.

But all of that goodwill was erased when Harrison decided to trade Luka Dončić to the Los Angeles Lakers in February 2025 — a failed move that eventually cost Harrison his job.

In May, Dumont hired Masai Ujiri — a championship-winning executive who spent 12 seasons running the Toronto Raptors — to take over in Dallas as president and alternate governor. Ujiri will clearly wield significant power in Dallas. In one of his first major moves, Ujiri chose to fire coach Jason Kidd, despite Kidd having more than $40 million remaining on his contract.

Cuban maintains a 27 percent stake in the Mavericks but has minimal say in the day-to-day operations of the team. In the petition Cuban filed in court, he claims that Dumont once told him, “Why would I give you control of a $4 billion asset?”

— Melody Gutierrez and Nathan Fenno contributed to this report

Advertisement



Source link

Dallas, TX

New whole‑blood program credited with saving Dallas officer’s life

Published

on

New whole‑blood program credited with saving Dallas officer’s life


Dallas police say a suspect is in custody after Officer Justin Jones was shot in the leg and rapidly lost blood. Fire officials say a new program placing temperature‑controlled whole‑blood coolers in supervisor vehicles allowed first responders to begin lifesaving treatment before he reached the hospital.



Source link

Continue Reading

Dallas, TX

Ryan Serhant Helps Family of Four Find a Home in Dallas Area

Published

on

Ryan Serhant Helps Family of Four Find a Home in Dallas Area


  • Now Playing

    Ryan Serhant Helps Family of Four Find a Home in Dallas Area

    03:53

  • UP NEXT

    ‘Real Housewives’ Legends and Andy Cohen Play ‘Show of Hands’

    05:00

  • Andy Cohen and All-Star Housewives Talk 20th Anniversary

    07:30

  • Andy Cohen on Phenomenon of ‘Real Housewives’ 20 Years Later

    06:40

  • Aaron Pierre Talks ‘Lanterns,’ ‘Star Wars,’ Heartthrob Status, More

    04:55

  • Ayra Starr Talks New Long-Awaited Album, ‘Starrgirl’

    04:27

  • Keen Ruffalo on ‘Sterling Point,’ Dad’s Reaction to Career Choice

    06:06

  • TODAY Celebrates 100th Birthdays: August 7, 2026

    01:18

  • Jason Sudeikis on Gives Sunday TODAY’s Willie Geist ‘Exclusive’

    00:45

  • See Trailer for Season 3 of ‘Conan O’Brien Must Go’

    00:54

  • Get Sneak Peek at Nicolas Cage in ‘Madden’ Biopic

    00:55

  • See Cast of ‘Grown Ups 3’ Reunite in First Set Photo

    01:00

  • ‘SNL’ Alum Cheri Oteri Rings Bell to Mark End of Radiation

    00:40

  • Jim Carrey Set to Star in ‘The Jetsons’ Live-Action Movie

    01:37

  • ‘Halloween Creep’ Begins as Spooky Décor Hits Stores in August

    02:58

  • Tan France Talks New Collab, Move to NY, Karamo Brown, More

    06:43

  • Usher on New Tour, Serenading Fans, New Look Foundation, More

    14:24

  • Here Are the New Movies and TV Shows to Watch in August

    04:17

  • Al Roker Comes Face-to-Face With His Twin on the TODAY Plaza

    00:44

  • Taylor Momsen Leaves the Door Open to ‘Grinch’ Sequel

    01:02

Ryan Serhant, luxury real estate broker and star of “Owning Manhattan” on Netflix, joins TODAY’s Jenna Bush Hager and guest co-host Willie Geist to help a family of four find their forever home in the Dallas-Fort Worth area of Texas with a budget of $700,000. See what they pick!



Source link

Continue Reading

Dallas, TX

Dallas solar salesman charged in alleged loan scam fueled by identity theft, prosecutors say

Published

on

Dallas solar salesman charged in alleged loan scam fueled by identity theft, prosecutors say


A Dallas solar salesman has been indicted for allegedly using homeowners’ identities and forged e-signatures to take out tens of thousands of dollars in loans, prosecutors said.

Andres Jesus Linares-Rea, 27, faces two counts of wire fraud and two counts of aggravated identity theft for fraudulently obtaining homeowner loans for rooftop solar systems between September 2022 and December 2024, according to the U.S. Attorney’s Office for the Northern District of Texas.

U.S. Attorney Ryan Raybould said in a news release that Linares-Rea worked with solar engineering, procurement, and construction firms and sold systems door to door.

Advertisement

He allegedly submitted loan applications and signed agreements electronically without homeowners’ consent, sometimes adding unauthorized co-borrowers. Raybould said Linares-Rea also told homeowners the panels were “free” because of subsidies or their financial status.

Linares-Rea  

Getty Images


Advertisement

In two cases, authorities said a $71,754.79 loan was funded Nov. 19, 2023, for one victim, and a $57,173.25 loan was funded March 14, 2023, for another. Raybould said Linares-Rea allegedly used both victims’ signatures without authorization. In one instance, he allegedly secured a solar loan despite the homeowner repeatedly refusing the installation.

Linares-Rea faces up to 20 years in prison for each wire fraud count and two years for each identity theft count, prosecutors said.

CBS News Texas will provide updates as more information becomes available.



Source link

Continue Reading
Advertisement

Trending