The NBA Board of Governors has approved the sale of a stake in one of the league's teams

The NBA Board of Governors has approved the sale of a stake in the Dallas Mavericks, as reported by NBA Communications.

This stake will be sold from Mark Cuban to the families of Miriam Adelson, Patrick Dumont, and the Siwak family. Dumont will take on the role of managing the team in Dallas and is currently the president and chief operating officer of Las Vegas Sands Corp. The deal is expected to be completed this week and is estimated to be worth $3.5 billion, according to sources. Mark Cuban became the owner of the Dallas Mavericks in 2000, acquiring the team for $285 million.

As of now, Dallas holds the fifth position in the Western Conference with 18 wins and 12 losses.

In other NBA news, the Detroit Pistons recently lost to the Brooklyn Nets (112-118), setting a league record for consecutive losses in a single season with 27. If Detroit loses the next game, it will equal the record set by the Philadelphia 76ers at the end of the 2013/14 season and the beginning of the 2014/15 season, with 28 consecutive losses.