Overview
- Harbinger Sports Partners announced Thursday that it has acquired an undisclosed minority stake in the Oakland/Las Vegas Athletics.
- Neither the percentage nor the price paid were disclosed and the A's issued a statement confirming Harbinger as a new investor.
- The fund is led by Mark Cuban with Rashaun Williams, Jonathan Mariner and Steve Cannon and this marks Harbinger's first deal after raising more than $460 million.
- The A's are building a roughly $2 billion, 33,000-seat domed stadium on the Las Vegas Strip targeted to open for the 2028 season and Harbinger says it is not providing stadium financing.
- The team is playing interim home games in Sacramento while staging select games in Las Vegas, Forbes values the A's at about $2 billion, and Harbinger says it will pursue additional minority investments that could affect franchise valuations as MLB negotiates media and labor deals.