Closing Bell: Mark Cuban-led fund takes minority stake in A’s
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Harbinger Sports Partners acquires minority stake in A’s...Rays give first look at mixed-use around proposed ballpark...Aflac expands WNBPA deal with tier prizes at WNBA All-Star Weekend Harbinger Sports Partners, an investment fund led by Mavericks minority owner Mark Cuban, is “buying a minority stake” in the A’s. The move “signals a bet on the burgeoning sports market in Las Vegas,” where the franchise is scheduled to move to in a couple years. Representatives for Harbinger declined to provide the value of the investment. Harbinger General Partner and former MLB CFO Jonathan Mariner noted that MLB teams “are undervalued,” and he “sees upside in MLB franchises” as upcoming media rights and labor negotiations could “reshape the league’s economics and push team valuations higher.” Harbinger’s debut fund also has its “eyes on other pro teams in Las Vegas.” It is not currently part of a group trying to buy an NBA expansion team, but it did “express interest in future investment.” The entity has also ruled out the Aces and Golden Knights “because it’s focused on taking stakes in NFL, NBA and MLB franchises.” Harbinger launched in 2025 and includes Cuban, co-founder & CEO Steve Cannon and Falcons limited partner Rashaun Williams ( BLOOMBERG NEWS, 7/23 ). The Rays on Thursday shared part of their “vision for the mixed-use development” the team has said that it will build...
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Aflac and the WNBPA are expanding their partnership by increasing supplemental prize awards for players competing in the Friday night events of the WNBA All-Star Weekend in Chicago.
