New fundAug 1, 2026

Mark Cuban backs $750M Harbinger fund to buy Las Vegas A's stake

What's the deal?

Mark Cuban has taken a minority stake in the Las Vegas Athletics through Harbinger Sports Partners, a private equity fund now sized at $750 million. The vehicle is structured to pool capital for professional sports acquisitions, and this raise builds on the $450 million first close announced in April 2026.

Why now?

The Athletics are mid-relocation, moving toward a planned stadium on the Las Vegas Strip. Cuban's minority holding aligns with that rebranding effort as the franchise transitions to Nevada.

What's the endgame?

Harbinger's $750 million targets franchise equities, letting investors capture rising Major League Baseball valuations while leaving daily club operations to managing partners. Cuban gains exposure to the deal without operational control.

The approach marks a shift for Cuban, who bought a majority stake in the NBA's Dallas Mavericks for $285 million in 2000 and ran the club hands-on for two decades before selling control to the Adelson family. Here, he deploys capital through a fund rather than reshaping a franchise from the top.

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HHarbinger Sports Partners Fund

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