Dallas – In a major ownership shift for the city’s NBA franchise, Patrick Dumont and his wife Sivan Ochshorn have acquired Miriam Adelson’s shares of the Dallas Mavericks, securing a 69% controlling stake. The transaction, first reported by ESPN and confirmed by a Mavericks spokesperson, makes the Dumont family the primary owners of the team.
Local ownership, local focus
In a statement released by the Dumont family, they emphasized their dedication to both on‑court success and community involvement. “We are deeply committed to building a championship team, supporting our fans and growing the organization’s impact in the local community through our investments in the city of Dallas,” the statement read. The family added that they are “very happy with our family ownership and could not be more excited about the future of the Mavericks.”
What the ownership change means for Dallas fans
For Mavericks supporters, the transition to local, family‑run ownership is seen as a positive development. The Dumonts have pledged to keep the team competitive while also expanding outreach programs, youth basketball initiatives, and charitable efforts that benefit Dallas neighborhoods. Their stated goal is to make the franchise a stronger economic and cultural anchor for the city.
Business implications
The purchase reflects a broader trend of local investors taking control of professional sports teams, aiming to align franchise decisions more closely with community interests. By holding a majority share, the Dumonts now have decisive authority over major business decisions, including arena upgrades, sponsorship deals, and long‑term strategic planning. This could lead to increased investment in the American Airlines Center and related development projects around the venue.
Background on the deal
Miriam Adelson, who previously owned a substantial portion of the Mavericks, sold her stake last month. While the exact financial terms were not disclosed, the change in ownership was confirmed by the team’s public relations office. The Dumont family’s acquisition aligns with their broader business portfolio, which includes interests in real estate and hospitality within the Dallas‑Fort Worth metroplex.
Looking ahead
With the new ownership in place, the Mavericks are poised to make strategic moves in the upcoming NBA season. Fans can expect continued investment in player development, coaching staff, and fan experience enhancements. The Dumonts have signaled that they will work closely with local government and community leaders to ensure the team remains a source of pride for Dallas.
Original reporting: Richardson, TX News (HLL/CB) — read the source article.
