Mark Cuban's Group Acquires Stake in Relocating Oakland Athletics MLB Franchise
Mark Cuban, through his firm Harbinger Sports Partners, has acquired a minority stake in Major League Baseball’s Oakland Athletics. The team is currently playing at a Triple-A stadium while constructing its new $2 billion domed ballpark on the Las Vegas Strip, set to open by 2028. This investment marks Harbinger's first since launching in May 2025 and aligns with broader institutional interest in sports franchises as MLB franchise values continue rising rapidly. The Athletics' relocation is central to investor confidence, supported by $380 million in public financing from Nevada and Clark County. The team has already sold out luxury suites and secured most behind-home-plate season tickets. Harbinger's leadership emphasizes long-term growth potential tied to Las Vegas as a key sports market. MLB franchise values have increased 12% year-over-year, reaching an average of $3.17 billion per team in early 2026—the largest single-year jump since Sportico began tracking the data five years ago.
Topics: investment Las_Vegas MLB stadium_development