Mark Cuban Invests: $750M Sports Fund
- Mark Cuban, the "Shark Tank" investor and former Dallas Mavericks owner, is joining Harbinger Sports Partners Fund, a new $750 million private equity fund.
- Cuban will serve as a general partner alongside Steve Cannon and Rashaun Williams.
- Williams emphasized the fund's focus on the fundamentals of sports team ownership. "We’re at the very early innings in how we view investing in sports," Williams said.
Mark Cuban makes a significant move, investing in the $750M Harbinger Sports Partners Fund. This fund, with the “Shark Tank” star on board, strategically targets minority stakes in prominent sports franchises across the MLB, NFL, and NBA. Cuban’s expertise will help drive initiatives focusing on long-term revenue growth for these teams. The fund aims too acquire strategic investments, capitalizing on the evolving landscape of sports as media powerhouses. News Directory 3 has the exclusive details on how the fund plans to acquire minority stakes. Discover what’s next for these teams and their investors as their strategies shift.
Mark Cuban Joins $750M private Equity Sports Fund
Updated May 27, 2025
Mark Cuban, the “Shark Tank” investor and former Dallas Mavericks owner, is joining Harbinger Sports Partners Fund, a new $750 million private equity fund. The fund will focus on acquiring minority stakes in sports franchises across Major League Baseball (MLB), the National Football League (NFL), and the National Basketball Association (NBA).
Cuban will serve as a general partner alongside Steve Cannon and Rashaun Williams. The Harbinger Sports Partners fund aims to raise $750 million within two years, targeting strategic investments in the sports industry.
Williams emphasized the fund’s focus on the fundamentals of sports team ownership. “We’re at the very early innings in how we view investing in sports,” Williams said. “Valuation growth is a result of core fundamentals.” He added that teams are evolving into media companies, seeking new revenue streams to boost growth.
The Harbinger Sports Partners Fund plans to acquire minority stakes, reportedly around five percent, in various franchises. Ownership rules in U.S. sports leagues place limits on private equity fund investments.