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An investment group that includes former Dallas Mavericks owner Mark Cuban has bought a minority stake in the Athletics in anticipation of their move to Las Vegas in 2028.
Thursday’s announcement from Harbinger Sports Group did not say what percentage of the Athletics it had acquired. Cuban, who has a minority stake in the Mavericks, is a general partner and president of the Atlanta-based group. Atlanta Falcons minority owner Rashaun Williams is founder and chief investment officer.
Co-founder and CEO Steve Cannon is vice chairman of AMB Sports and Entertainment, overseeing Mercedes-Benz Stadium and the Atlanta Falcons. Managing partner Jonathan Mariner is a former chief financial officer of Major League Baseball.
“We are minority investors who want to make our investors a lot of money,” Cuban said.
John Fisher is the majority owner of the A’s and is overseeing the construction of a $2 billion, 33,000-capacity 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. “The experience of their principals across 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 play the second of three scheduled seasons at a Triple-A ballpark in West Sacramento, California.
Report from the Associated Press.
