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Shifting Sands: The Rise of Miriam Adelson in Pro Sports

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Shifting Sands: The Rise of Miriam Adelson in Pro Sports
Shifting Sands: The Rise of Miriam Adelson in Pro Sports

Miriam Adelson, the influential publisher and political figure, is set to become the majority shareholder of Las Vegas Sands Corp. after a $3.5 billion deal to buy the Dallas Mavericks. This move would mark her as one of the few female owners of a U.S. professional sports franchise. Her net worth, estimated at $32 billion, places her among the wealthiest individuals globally.

Following the death of her husband, Sheldon Adelson, in 2021, Miriam Adelson is continuing the legacy of the Las Vegas Sands empire. The company recently sold significant assets, including the Venetian and Palazzo resorts, focusing on its casino operations abroad.

Political Influence:

The Adelsons were prominent Republican donors, supporting former President Donald Trump and receiving the Presidential Medal of Freedom in 2018. Miriam Adelson’s impact extended to Trump’s decisions, including pardons.

Media Ownership and International Presence

The Adelson family’s influence extends to media ownership, including the Las Vegas Review-Journal and Israel Hayom. Las Vegas Sands operates casinos internationally, with properties in Macau and Singapore.

Miriam Adelson’s recent opinion column in Israel Hayom expressed a strong stance against supporters of Hamas, reflecting her active engagement in geopolitical issues.

The potential approval of the NBA board of governors is the final hurdle for the Mavericks deal. Miriam Adelson’s ownership could bring a new dynamic to the NBA, with her son-in-law, Patrick Dumont, also playing a key role.

Mavericks’ Future and Las Vegas Ventures

While the move of the Mavericks to Las Vegas seems unlikely, owner Mark Cuban retains control over basketball operations in Dallas. Cuban has expressed interest in collaborating with Las Vegas Sands for a casino and sports arena complex.

In conclusion, Miriam Adelson’s $3.5 billion move not only reshapes ownership in the NBA but also highlights her commitment to philanthropy, political influence, and international business ventures.

Maya Rodriguez
Greetings, fellow basketball aficionados! I'm Maya Rodriguez, a storyteller at heart, weaving tales of the game I love. Specializing in women's basketball, I'm on a mission to shine a spotlight on the incredible narratives often overlooked. Through my articles, I not only break down scores and stats but also share the inspiring journeys of female athletes. Join me in celebrating the resilience, skill, and passion that define women's basketball – because every hoop deserves its heroine.

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