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An investment group that includes former Dallas Mavericks owner Mark Cuban has purchased a minority stake in the Athletics in anticipation of their move to Las Vegas in 2028.
Harbinger Sports Group’s announcement Thursday did not specify what percentage of the Athletics it acquired. Cuban, who owns a minority stake in the Mavericks, is the general partner and president of the Atlanta-based group. Rashaun Williams, minority owner of the Atlanta Falcons, is the founder and chief investment officer.
Co-founder and CEO Steve Cannon is vice president of AMB Sports and Entertainment which oversees Mercedes-Benz Stadium and the Atlanta Falcons. Managing Partner Jonathan Mariner is the former Chief Financial Officer of Major League Baseball.
“We are minority investors looking to make a lot of money for our investors,” Cuban said.
John Fisher is the majority owner of the A’s and is overseeing construction of a $2 billion, 33,000-seat domed stadium on the Las Vegas Strip.
“We are very pleased to welcome Harbinger Sports Partners as an investor in athletics,” the team said in a statement. “Their leadership’s experience in sports, media and entertainment, combined with their long-term perspective, makes them a valuable addition to our ownership group as we work to build the future of the franchise in Las Vegas.”
The A’s are playing the second of three planned seasons at a Triple-A ballpark in West Sacramento, California.
Associated Press reporting.
