Mark Cuban's Harbinger Sports Partners has acquired a minority stake in the Athletics, the Major League Baseball franchise currently playing in West Sacramento while its $2 billion domed stadium is built on the Las Vegas Strip for a 2028 opening. The deal marks the first completed investment for the Atlanta-based firm, which launched in May 2025 and has raised more than $460 million toward a $750 million target, with plans for 10 to 12 franchise investments total. Cuban serves as general partner and president, while founder Rashaun Williams, a minority owner of the NFL's Atlanta Falcons, is chief investment officer, and CEO Steve Cannon is vice chairman at AMB Sports and Entertainment. The Athletics' relocation and new stadium, backed by up to $380 million in public financing from Nevada and Clark County, underpin the investment thesis, with first-available luxury suites already sold out and 80% of behind-home-plate season-ticket packages purchased. The purchase arrives as MLB franchise values climb at their fastest pace in five years, with the average team worth $3.17 billion, a 12% year-over-year increase, and the league collectively valued at $95 billion, according to Sportico.
Harbinger Sports Partners completed its first investment, acquiring a minority stake in the Athletics, with a strong investment thesis backed by stadium construction and high suite/season-ticket sales.