Mark Cuban Cuban Sports Private Equity Fund Lance

Mark Cuban is launching a new investment capital of $ 750 million focused on sports franchises, called Harbinger Sports Partners.

While sports assessments soar and teams are looking for new capital, professional leagues have increasingly opened the door to investment in investment. In August, Owners of the National Football League has become the last large sports league to approve investment in investment, allowing up to 10% participation by certain companies.

HSP says that he will focus his investments in the acquisition of minority participations in professional sports deductibles in all American leagues, adding that it will deploy an approach based on data to identify undervalued sports assets. He will seek to acquire positions between 1% and 5% in 92 franchises. The size of the transactions could be between $ 50 and $ 150 million, the founders said in a statement.

Cuban buyout as founding partners are two veterans of sport, Rashaun Williams, who is a limited partner in the Falcons of Atlanta, and Steve Cannon, former CEO of the Mother of Falcons of Atlanta Amb Sports and Entertainment.

“The professional sport sector matures in a class of assets of institutional quality,” said Williams in a press release. “Harbinger will be structured to operate in league executives while offering long -term capital, operational mastery and responsible state of ownership.”

Cuban Sold his majority participation in Dallas Mavericks of the National Basketball Association In December 2023, Miriam Adelson and his family, but still has a minority participation of 27% in the team.

Harbinger says that in addition to supply and subscription agreements, this will contribute to liquidity planning for his portfolio teams.