Mavs Owner Patrick Dumont Hits Back at Mark Cuban in Arena Fight
Cuban is required to arbitrate the dispute privately, Dumont claims.
The legal conflict between Mark Cuban and Patrick Dumont surrounding a possible new Mavericks arena site has intensified, with Dumont contending that Cuban is pressuring involvement in a deal that is not yet a "business opportunity." In Texas state court last month, Cuban filed a petition seeking details he believes would demonstrate that Dumont unlawfully excluded him from future prospects following the 2023 transfer of his majority ownership to Dumont and the Adelson family.
The heavily redacted petition alleged that Dumont failed to inform him about the Valley View Mall location, which the Mavs had mentioned as an option in June. Cuban further claimed that Dumont established a company called Arena Development Intermediate (ADI) in Delaware to skirt public disclosure requirements. Dumont countered in a July 31 filing, shifting the case from Texas state court to Texas business court.
He stated that ADI has not yet utilized its option to buy the property and that Cuban has demanded participation in the option process. Dumont argued that Cuban's limited partnership agreement mandates arbitration for such disputes, and that Cuban initiated the petition against ADI instead of the Mavs' operator or the American Airlines Center's operator to evade valid arbitration provisions.
The ongoing dispute is the latest escalation in the strained relationship between Dumont and Cuban, who sold the majority of his stake in 2023.
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