DALLAS — Mark Cuban’s sale of the majority stake of the Dallas Mavericks appears to be a done deal.

What You Need To Know

  • The NBA on Wednesday reported its Board of Governors unanimously approved Mark Cuban's sale of the majority stake in the Dallas Mavericks 

  • The team is being purchased by the Adelson and Dumont families. Miriam Adelson and her family run the Las Vegas Sands casino company

  • Cuban will retain control of basketball operations 

  • The transaction is expected to close this week, the NBA said 

The NBA on Wednesday reported the Board of Governors unanimously approved the sale of the franchise to the Adelson and Dumont families of Las Vegas.

The transaction is expected to close this week, the NBA said.

Miriam Adelson and her family run the Las Vegas Sands casino company. Adelson’s son-in-law, Patrick Dumont, who serves as president and chief operating officer of Las Vegas Sands Corp., will be the Mavericks’ governor.

The agreement would be in the valuation range of $3.5 billion, according to a person who spoke to The Associated Press on condition of anonymity because that detail was not being made public. Cuban would retain control of basketball operations in the deal.

Cuban said almost a year ago he was interested in partnering with Sands. He has been a proponent of legalizing gambling in Texas, an issue that didn’t make it out of the state Legislature in a biennial session that ended earlier this year.