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Mark Cuban selling majority stake in Dallas Mavs: report
Mark Cuban is reportedly selling his majority stake in the Dallas Mavericks to billionaire Miriam Adelson. The move, coupled with the announcement of his departure from the ABC reality show Shark Tank, has caused people to speculate about his next move.
DALLAS - Mark Cuban intends to sell his majority stake in the Dallas Mavericks to billionaire Miriam Adelson.
When the news broke on Tuesday night, the speculation began.
One theory many people considered was that Cuban was selling in order to run for president.
Mark Cuban Sellling Dallas Mavericks: Adelson family confirms efforts to buy team
Following reports Tuesday that Mark Cuban intended to sell his majority stake in the Dallas Mavericks, the new potential owners issued a statement about the potential sale. Read the full statement here.
In the past, Cuban has kicked around the idea of a presidential run.
READ MORE: Who is Miriam Adelson? What you should know about the Dallas Mavericks reported buyer
FOX 4's Mike Doocy emailed the Mavericks owner, asking if he's ruled out a run for political office.
"Maybe I'll run for PTA," he responded.
Cuban remain in charge of the Mavericks under the terms of the reported deal.
Mark Cuban Presidential Considerations
The video above is from 2017.
In a FOX News interview in 2017, Cuban confirmed that he was considering a run.
"My kids love it, my wife hates it," he said of the idea. "So that's an influencing factor. My family is everything to me."
He previously said that he would run for president if he was single.