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By Cameron Kiszla
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A Major League Baseball team is getting some high-profile new members of its ownership group.
Mark Cuban, the longtime owner of the Dallas Mavericks and shark on "Shark Tank," and Atlanta Falcons minority owner Rashaun Williams are buying into the Athletics, reports Ben Horney of Front Office Sports.
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Cuban and Williams are buying in through the sports-focused private equity firm Harbinger Sports Partners.
A Time of Transition — And An Opportunity
The size of their stake and the amount they paid haven't been disclosed, but Horney cited Forbes, who valued the A's at $2 billion.
That valuation has a chance to rise, as the team is currently in a transition period.
Right now, the team is unaffiliated with a city and is playing its games in Sacramento after leaving Oakland.
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That will change come 2028, when the Athletics are expected to move into their new stadium in Las Vegas, a $2 billion venue that will be domed and can seat up to 33,000 people.
It's also located on the famous Las Vegas Strip, providing easy access for visitors and tourists.
"We are very pleased to welcome Harbinger Sports Partners as an investor in the Athletics," the team said in a statement reported by ESPN. "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."
Williams told FOS said Harbinger and the group weren't looking to buy into just any MLB team.
“We specifically reached out to the A’s because we wanted to be their partners,” he said.
“I’m excited about it," Cuban added to FOS. "We really like the management and ownership team.”
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