Patrick Dumont
Patrick Dumont | |
|---|---|
| Born | 1974 or 1975 Brooklyn, New York, U.S. |
| Occupation(s) | Entrepreneur, business executive |
| Known for | Proprietor of the Dallas Mavericks, President and COO of Las Vegas Sands Corp |
Patrick Dumont (born 1974 or 1975) is a U.S. entrepreneur and the proprietor of the Dallas Mavericks in the National Basketball Association.
After his 2009 marriage to Sivan Ochshorn, daughter of Miriam Adelson, Dumont became affiliated with the Adelson family's Las Vegas Sands Corp. He rose to Chief Financial Officer in 2016 and was later appointed President and Chief Operating Officer in 2021.
In 2023, the Adelson-Dumont family secured majority ownership of the Mavericks, with Dumont assuming the role of team governor, succeeding Mark Cuban.
Early life and career
Raised in Brooklyn, New York, Dumont earned a bachelor's degree in mechanical engineering from Johns Hopkins University and completed an MBA at Columbia Business School.
Business career
Dumont launched his career in investment banking, holding positions at Miller Buckfire and Bear Stearns. Upon marrying Ochshorn, he joined Las Vegas Sands Corp in June 2010, advancing through various strategic, operational, and financial roles before being named CFO in March 2016.
In 2015, Dumont played a pivotal role in facilitating Sheldon Adelson's $140 million purchase of the Las Vegas Review-Journal, managing the Adelson family's investment portfolio.
Following Sheldon Adelson's passing in January 2021, Dumont was appointed president and COO of Las Vegas Sands Corp, establishing himself as a principal figure within the family's casino enterprise.
Dallas Mavericks
On December 27, 2023, the NBA Board of Governors unanimously approved the transfer of controlling interest in the Dallas Mavericks to Miriam Adelson along with Sivan and Patrick Dumont. The Adelson-Dumont entities acquired a 69% stake, reducing former majority owner Mark Cuban's share to 27%. Dumont took on the role of Mavericks governor and NBA Board delegate, adopting a more understated leadership style compared to Cuban’s prominent public presence.
The Dallas Morning News reported that acquiring an NBA franchise had been a long-held goal for the Adelson-Dumont family. Dumont has expressed intentions to develop destination resorts within Texas, including plans for a potential new arena for the Mavericks as part of an extensive entertainment complex.
In late 2024, Dumont was instrumental in reestablishing NBA-China relations after disruptions caused by Houston Rockets GM Daryl Morey’s pro-Hong Kong protests tweet in 2019. He announced that the NBA China Games would be held at the Venetian Arena in Macao in October 2025.
According to Mavericks GM Nico Harrison, Dumont was the "ultimate decision maker" behind the contentious February 1, 2025 trade that sent star player Luka Dončić to the Los Angeles Lakers. In his initial public remarks on the trade, Dumont defended it by highlighting a culture centered on hard work, referencing basketball icons such as Jordan, Bird, Kobe, and Shaq. His mention of Shaquille O'Neal attracted media scrutiny regarding his familiarity with NBA history.
Dumont confirmed there are no intentions to move the franchise away from Dallas.
Personal life
In 2009, Dumont wed Sivan Ochshorn, who is Miriam Adelson’s second daughter from her first marriage.
See also
References
- Articles with short description
- Articles with hCards
- No local image but image on Wikidata
- NBA proprietors
- Living individuals
- Adelson family
- American business figures of the 21st century
- Uncertain birth year
- Bear Stearns affiliates
- Alumni of Columbia Business School
- Alumni of Johns Hopkins University
- Bear Stearns people