Dallas arena; home to Mavericks and Stars
The Walmart heir Lukas Walton and his wife have acquired a minority stake in the Chicago Bulls and the United Center, with the Reinsdorf and Wirtz families retaining controlling ownership. The deal values and stake size were not disclosed, but reports indicate a roughly 10% share for the Waltons. The transaction includes part of the United Center, home to the Bulls and the Blackhawks, and follows previous private equity moves into NBA teams.
Mark Cuban has alleged that Patrick Dumont is engaging in adversarial business practices as the Mavericks plan a move 10 miles north to a former Dallas mall site. Cuban says he was contracted to oversee basketball operations but Dumont granted Nico Harrison full control, and a trade involving Luka Doncic in 2025 is cited as a failing decision. An option to buy land for a new arena opens in 2031.