In this story
Mark Cuban is the most famous for turn Fortudes Dallas Mavericks from the worst until the first, after he bought Tim 2000. years. After sale His majority share in 2023. years for Miriam Adelson, Kuban announced Thursday is a return in a large play in the sports industry: $ 750 million in the NBA minority roles, NBA and MLB franchises that can be undervalued.
At the same time, Cuban confirmed that the Friday Friday season is Shark Tank (Sony), The reality of VC Really on which he appeared since 2011. years would be his last episode. He had signaled His immediate departure in 2023. year, saying he wanted to spend the summer – when the show was filmed – with his children.
Cuban new company will call Harbinger Sports Partnerswith two men associated with Atlantic NFL Falcon: Rashaun Williams, a Limited partner in a team and Steve Cannon, the Recently retired Vice President and Formal Falct Sports and Fun, Falcons Registry.
The large-league sports franchise is worth hundreds of millions of dollars, which can make it difficult to access the owners to find customers. Sportico estimates There are only 500 people in the world who could afford it. Hence the transition towards the enabling of minority interests to sell private ownership companies.
Last August, the NFL became the last major league to permit Private capital companies for investing in team ownership, up to 10% stake. MLB did this in 2019. year, allowing Up to 15% of private capital and NBA done so 2020. Years.
Harbinger intends to invest between $ 50 million to $ 150 million to acquire a position of up to 5% in 92 franchises in the three North American leagues. No NHL was mentioned.
“The professional sports sector matures in the class of institutional-quality assets,” Williams said in the statement. “Harbinger will be structured to work within the League, and at the same time, he is offering long-term capital, operational liquid and responsible property.”
2025-05-16 18:50:00
