Connect with us

RSS

Mark Cuban selling Dallas Mavericks to Miriam Adelson, the Jewish philanthropist and casino owner

(JTA) — Dallas Mavericks owner Mark Cuban is reportedly selling a majority stake in his NBA franchise to casino magnate and Jewish philanthropist Miriam Adelson.

Cuban, the Jewish billionaire known for entrepreneurial endeavors including his starring role on ABC’s reality show “Shark Tank,” is selling a stake valued at $3.5 billion to Adelson, the widow of longtime Jewish megadonor Sheldon Adelson.

The deal was first reported by NBA reporter Marc Stein.

The deal represents something of a partnership for Cuban and Adelson, whose daughter is on the Israeli version of “Shark Tank,” according to Sports Illustrated. Cuban will retain control over the team’s basketball operations, while Adelson is expected to bring her casino know-how to Dallas, where some lawmakers are seeking to legalize recreational gambling.

The deal means Adelson, 78, will no longer hold a majority of shares in The Sands, the casino business that has generated most of her family’s wealth and allowed her to donate prolifically to Jewish and pro-Israel causes. Earlier on Tuesday, Bloomberg reported that she was selling $2 billion in stock in order to “acquire a majority stake in a professional sports team.” Adelson’s net worth is estimated at over $30 billion, making her the richest Israeli in the world.

Cuban, 65, purchased the Mavericks in 2000 for $285 million. The team is the seventh-most valuable NBA franchise, according to Forbes, which also estimates Cuban’s net worth at $6.2 billion. Cuban also announced Tuesday that he would be leaving “Shark Tank” next year.

Both Cuban and Adelson have been involved in Jewish causes, Adelson heavily so.

Cuban, whose paternal grandparents had their last name changed from Chabenisky after emigrating from Russia, has said he encountered antisemitism growing up. Cuban is one of the most outspoken owners in all of professional sports on a variety of political issues — including antisemitism.

The Adelson Family Foundation has been a prolific giver to Jewish organizations, most notably Birthright Israel. Miriam and Sheldon Adelson have also been known for their support of Republican politicians, including Donald Trump. Miriam Adelson scaled back her philanthropy during the pandemic when The Sands was not delivering dividends for its shareholders.

The Mavericks do not have any Jewish players, but one of the team’s stars is Kyrie Irving, the All-Star guard who caused controversy last year after he promoted an antisemitic film online and initially refused to apologize. Irving was traded to Dallas in the midst of the scandal.

“If there was just some dude on the street corner saying what Kyrie said, or Kanye said, you’d just assume they’re crazy and keep on walking, right?” Cuban said at the time, referencing the rapper Kanye West’s months-long antisemitism scandal. “But when they’re a celebrity, you can’t do that, because you have a platform.”

The Mavericks are the third NBA team to be bought by a Jewish billionaire in the past year, following Mat Ishbia’s purchase of the Phoenix Suns (and the WNBA’s Phoenix Mercury) and Gabe Plotkin’s acquisition of the Charlotte Hornets.


The post Mark Cuban selling Dallas Mavericks to Miriam Adelson, the Jewish philanthropist and casino owner appeared first on Jewish Telegraphic Agency.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

RSS

Iranian Media Claims Obtaining ‘Sensitive’ Israeli Intelligence Materials

FILE PHOTO: The atomic symbol and the Iranian flag are seen in this illustration, July 21, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

i24 NewsIranian and Iran-affiliated media claimed on Saturday that the Islamic Republic had obtained a trove of “strategic and sensitive” Israeli intelligence materials related to Israel’s nuclear facilities and defense plans.

“Iran’s intelligence apparatus has obtained a vast quantity of strategic and sensitive information and documents belonging to the Zionist regime,” Iran’s state broadcaster said, referring to Israel in the manner accepted in those Muslim or Arab states that don’t recognize its legitimacy. The statement was also relayed by the Lebanese site Al-Mayadeen, affiliated with the Iran-backed jihadists of Hezbollah.

The reports did not include any details on the documents or how Iran had obtained them.

The intelligence reportedly included “thousands of documents related to that regime’s nuclear plans and facilities,” it added.

According to the reports, “the data haul was extracted during a covert operation and included a vast volume of materials including documents, images, and videos.”

The report comes amid high tensions over Iran’s nuclear program, over which it is in talks with the US administration of President Donald Trump.

Iranian-Israeli tensions reached an all-time high since the October 7 massacre and the subsequent Gaza war, including Iranian rocket fire on Israel and Israeli aerial raids in Iran that devastated much of the regime’s air defenses.

Israel, which regards the prospect of the antisemitic mullah regime obtaining a nuclear weapon as an existential threat, has indicated it could resort to a military strike against Iran’s installations should talks fail to curb uranium enrichment.

The post Iranian Media Claims Obtaining ‘Sensitive’ Israeli Intelligence Materials first appeared on Algemeiner.com.

Continue Reading

RSS

Israel Retrieves Body of Thai Hostage from Gaza

Israeli Defense Minister Israel Katz looks on, amid the ongoing conflict in Gaza between Israel and Hamas, in Jerusalem, Nov. 7, 2024. Photo: REUTERS/Ronen Zvulun

The Israeli military has retrieved the body of a Thai hostage who had been held in Gaza since Hamas’ October 7, 2023 attack, Defense Minister Israel Katz said on Saturday.

Nattapong Pinta’s body was held by a Palestinian terrorist group called the Mujahedeen Brigades, and was recovered from the area of Rafah in southern Gaza, Katz said. His family in Thailand has been notified.

Pinta, an agricultural worker, was abducted from Kibbutz Nir Oz, a small Israeli community near the Gaza border where a quarter of the population was killed or taken hostage during the Hamas attack that triggered the devastating war in Gaza.

Israel’s military said Pinta had been abducted alive and killed by his captors, who had also killed and taken to Gaza the bodies of two more Israeli-American hostages that were retrieved earlier this week.

There was no immediate comment from the Mujahedeen Brigades, who have previously denied killing their captives, or from Hamas. The Israeli military said the Brigades were still holding the body of another foreign national. Only 20 of the 55 remaining hostages are believed to still be alive.

The Mujahedeen Brigades also held and killed Israeli hostage Shiri Bibas and her two young sons, according to Israeli authorities. Their bodies were returned during a two-month ceasefire, which collapsed in March after the two sides could not agree on terms for extending it to a second phase.

Israel has since expanded its offensive across the Gaza Strip as US, Qatari and Egyptian-led efforts to secure another ceasefire have faltered.

US-BACKED AID GROUP HALTS DISTRIBUTIONS

The United Nations has warned that most of Gaza’s 2.3 million population is at risk of famine after an 11-week Israeli blockade of the enclave, with the rate of young children suffering from acute malnutrition nearly tripling.

Aid distribution was halted on Friday after the US-and Israeli-backed Gaza Humanitarian Foundation said overcrowding had made it unsafe to continue operations. It was unclear whether aid had resumed on Saturday.

The GHF began distributing food packages in Gaza at the end of May, overseeing a new model of aid distribution which the United Nations says is neither impartial nor neutral. It says it has provided around 9 million meals so far.

The Israeli military said on Saturday that 350 trucks of humanitarian aid belonging to U.N. and other international relief groups were transferred this week via the Kerem Shalom crossing into Gaza.

The war erupted after Hamas-led terrorists took 251 hostages and killed 1,200 people, most of them civilians, in the October 7, 2023 attack, Israel’s single deadliest day.

The post Israel Retrieves Body of Thai Hostage from Gaza first appeared on Algemeiner.com.

Continue Reading

RSS

US Mulls Giving Millions to Controversial Gaza Aid Foundation, Sources Say

Palestinians carry aid supplies which they received from the US-backed Gaza Humanitarian Foundation, in the central Gaza Strip, May 29, 2025. Photo: REUTERS/Ramadan Abed/File Photo

The State Department is weighing giving $500 million to the new foundation providing aid to war-shattered Gaza, according to two knowledgeable sources and two former US officials, a move that would involve the US more deeply in a controversial aid effort that has been beset by violence and chaos.

The sources and former US officials, all of whom requested anonymity because of the sensitivity of the matter, said that money for Gaza Humanitarian Foundation (GHF) would come from the US Agency for International Development (USAID), which is being folded into the US State Department.

The plan has met resistance from some US officials concerned with the deadly shootings of Palestinians near aid distribution sites and the competence of the GHF, the two sources said.

The GHF, which has been fiercely criticized by humanitarian organizations, including the United Nations, for an alleged lack of neutrality, began distributing aid last week amid warnings that most of Gaza’s 2.3 million population is at risk of famine after an 11-week Israeli aid blockade, which was lifted on May 19 when limited deliveries were allowed to resume.

The foundation has seen senior personnel quit and had to pause handouts twice this week after crowds overwhelmed its distribution hubs.

The State Department and GHF did not immediately respond to requests for comment.

Reuters has been unable to establish who is currently funding the GHF operations, which began in Gaza last week. The GHF uses private US security and logistics companies to transport aid into Gaza for distribution at so-called secure distribution sites.

On Thursday, Reuters reported that a Chicago-based private equity firm, McNally Capital, has an “economic interest” in the for-profit US contractor overseeing the logistics and security of GHF’s aid distribution hubs in the enclave.

While US President Donald Trump’s administration and Israel say they don’t finance the GHF operation, both have been pressing the United Nations and international aid groups to work with it.

The US and Israel argue that aid distributed by a long-established U.N. aid network was diverted to Hamas. Hamas has denied that.

USAID has been all but dismantled. Some 80 percent of its programs have been canceled and its staff face termination as part of President Donald Trump’s drive to align US foreign policy with his “America First” agenda.

One source with knowledge of the matter and one former senior official said the proposal to give the $500 million to GHF has been championed by acting deputy USAID Administrator Ken Jackson, who has helped oversee the agency’s dismemberment.

The source said that Israel requested the funds to underwrite GHF’s operations for 180 days.

The Israeli government did not immediately respond to a request for comment.

The two sources said that some US officials have concerns with the plan because of the overcrowding that has affected the aid distribution hubs run by GHF’s contractor, and violence nearby.

Those officials also want well-established non-governmental organizations experienced in running aid operations in Gaza and elsewhere to be involved in the operation if the State Department approves the funds for GHF, a position that Israel likely will oppose, the sources said.

The post US Mulls Giving Millions to Controversial Gaza Aid Foundation, Sources Say first appeared on Algemeiner.com.

Continue Reading

Copyright © 2017 - 2023 Jewish Post & News