Overview

• Mark Cuban announced the launch of Harbinger Sports Partners, a $750 million private equity fund focused on minority stakes in U.S. professional sports franchises.
• The fund will target 1–5% ownership in up to 92 franchises across the NBA, NFL, and MLB, with deal sizes ranging from $50 million to $150 million.
• Harbinger will use a data-driven strategy to identify undervalued sports assets and assist teams with liquidity planning.
• The founding partners include Cuban, Rashaun Williams, a limited partner in the Atlanta Falcons, and Steve Cannon, former CEO of AMB Sports and Entertainment.
• Cuban confirmed the May 16, 2025 season finale of Shark Tank will mark his departure from the show, aligning with his strategic pivot back to sports business.