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DETAILS, DETAILS, DETAILS DELAY MAVS' SALE
Published April 22, 1996
The Mavericks will not officially announce their change-of- ownership at a Monday press conference as planned due to continuing delays in completing the legal aspects of the deal, reports Brad Townsend of THE DALLAS MORNING NEWS. Although "no major obstacles" are in the way of Ross Perot Jr.'s purchase from Donald Carter, Perot's lawyers have requested paperwork from the NBA that will not be forwarded until late Monday or Tuesday. So, Thursday or Friday is the earliest the sale will be completed. When the deal is done, Perot is expected to meet with Stars Owner Tom Hicks and decide how they will "align" their two franchises. Sources suggest three possibilities: Cross- ownership, where Hicks buys a percentage of the Mavs and Perot a percentage of the Stars and both teams cut costs by combining tickets offices, sales and marketing; merging the two teams under one corporate umbrella; remaining separate entities, but sharing the revenue from a new arena (DALLAS MORNING NEWS, 4/22).