Dallas Mavericks owner Mark Cuban reacts during a timeout in the game against the Golden State Warriors at American Airlines Center on March 22, 2023 in Dallas, Texas.
Tim Heitman | Getty Images
Mark Cuban, fresh off the news that he is selling a majority stake in the Dallas Mavericks to the mega-Republican donor Adelson family, reiterated Wednesday that he has “no plans” to run for president in 2024.
“No plans to run,” Cuban said in an email to NBC News.
Cuban had previously mentioned that his family “would disown me” if he launched a campaign for the White House.
On a different note, he had lauded efforts by the group No Labels to create a bipartisan ticket for the upcoming presidency.
The billionaire businessman created a stir when he announced during a podcast that the next season of the popular ABC television show “Shark Tank” would mark his final regular appearance as one of its “sharks.”
Later on, the prominent casino company Las Vegas Sands announced that Dr. Miriam Adelson and The Miriam Adelson Trust would offer $2 billion in stock in the firm for sale.
In a regulatory filing, LSV stated that Adelson, who inherited more than half of the company’s shares when her husband Sheldon Adelson passed away in 2021, would utilize the proceeds of the stock sale to acquire a majority interest in a professional sports franchise.
A source familiar with the deal informed CNBC that Cuban would transfer his stake in the Mavericks to Adelson and her family, while still overseeing basketball operations for the team as part of the agreement.
Disclosure: CNBC owns the exclusive off-network cable rights to “Shark Tank,” which features Mark Cuban as a panelist.
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