From Yahoo Finance: 2025-05-17 12:00:00

Venture capitalist Rashaun Williams partners with industry leaders to launch Harbinger Sports Partners Fund, focusing on acquiring ownership stakes in NBA, NFL, and MLB teams. The group aims to acquire up to 5% ownership across major American sports leagues.

The partnership responds to rising team valuations, with the NFL allowing institutional investments in 2024. Williams, known for investing in companies like Lyft and Coinbase, highlights the operational expertise that Mark Cuban and Steve Cannon bring to the fund, emphasizing strong revenue focus in high-growth sports assets.

Cannon, who led Arthur M. Blank Sports and Entertainment, brings rare sports expertise to the partnership, focusing on ownership, team and league operations, and stadium development. Cuban, former owner of the Mavericks, is seeking new sports investments after selling his majority stake and stepping back from daily team operations.

Cannon and Williams aim to add insight and value to all sports investments, distinguishing Harbinger from other private equity funds. With the growing interest in sports teams as investments, the group plans to leverage expertise and industry connections for success in the competitive market.



Read more at Yahoo Finance: Venture Capitalist Rashaun Williams Teams Up With Mark Cuban To Invest In NBA, NFL, And MLB Teams