Harbinger Sports Partners, which includes billionaire Mark Cuban, has invested successful the Athletics arsenic the MLB squad prepares to determination to Las Vegas successful 2028.
The Atlanta-based backstage equity firm, led by Cuban, a number proprietor of the NBA’s Dallas Mavericks, purchased an undisclosed number involvement successful the A’s, the steadfast announced Thursday.
The radical besides includes erstwhile MLB Chief Financial Officer Jonathan Mariner, entrepreneur Rashaun Williams and erstwhile Arthur M. Blank Sports & Entertainment CEO Steve Cannon.
“As idiosyncratic who helped pb the improvement of Mercedes-Benz Stadium, I was incredibly impressed with the Athletics’ vision,” Cannon, co-founder and CEO of Harbinger Sports Partners, said successful a statement. “The caller ballpark volition beryllium much than a shot stadium. It volition go a year-round amusement venue and different landmark destination connected the Las Vegas Strip.”
Harbinger announced successful April that it had raised much than $460 cardinal successful capitalist commitments for a money targeting number stakes successful large U.S. nonrecreational sports franchises.
The radical added that Las Vegas volition proceed to pull much nonrecreational franchises and marquee sporting events. The steadfast expects to stay progressive successful Las Vegas arsenic further opportunities successful nonrecreational sports emerge.
“Las Vegas represents 1 of the top sports concern opportunities of our generation,” Williams, laminitis and main concern serviceman of Harbinger Sports Partners, said successful a statement. “We’re not simply investing successful a shot franchise. We’re investing successful a metropolis that has fundamentally changed the economics of nonrecreational sports.”
The A’s said they are pleased to invited Harbinger Sports Partners arsenic an investor.
“The acquisition of their principals crossed sports, media and entertainment, combined with their semipermanent perspective, makes them a invaluable summation to our ownership radical arsenic we enactment to physique the aboriginal of the franchise successful Las Vegas,” A’s spokeswoman Catherine Aker said successful a statement.
Cuban co-founded Broadcast.com successful the precocious 1990s and sold the institution to Yahoo for $5.7 billion. Cuban has held an ownership involvement successful the Mavericks since 2000, erstwhile helium purchased the squad for $285 cardinal from businessman and person H. Ross Perot Jr.
The Adelson and Dumont families purchased a 70 percent controlling involvement successful the Mavericks successful 2023, reducing Cuban from bulk proprietor to number owner, retaining a 27 percent involvement successful the team. He is besides known beyond sports arsenic a panelist connected the fashionable concern amusement “Shark Tank.”
The A’s are building a $2 billion, 33,000-seat ballpark successful Las Vegas, wherever the franchise volition relocate opening with the 2028 season. The A’s are playing astatine a Triple-A ballpark successful Sacramento until their Las Vegas stadium is completed.
The A’s, which are seeking to rise up to $550 cardinal from investors, past twelvemonth sold a number ownership involvement to stadium concessionaire Aramark Sports + Entertainment successful a woody that reportedly included a $100 cardinal equity concern and a $75 cardinal superior expenditure contribution.
In 2025, a South Korean radical that included BTS subordinate Suga and erstwhile MLB pitcher Chan Ho Park reportedly purchased a $70 cardinal involvement successful the A’s.
The Review-Journal is owned by the Adelson and Dumont families.
Contact Mick Akers astatine makers@reviewjournal.com oregon 702-387-2920. Follow @mickakers connected X.
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