LAS VEGAS -- An investment group that includes former Dallas Mavericks majority owner Mark Cuban has bought a minority stake in the Athletics in anticipation of their move to Las Vegas in 2028.

CNBC’s “Closing Bell” discusses the outlook for IPOs in 2026 with Rashaun Williams, founder of Value Investment Group.

The transaction is part of the club's completed equity financing for construction of its new ballpark on the Las Vegas Strip.

Harbinger Sports Partners Founder Rashuan Williams discusses the 'explosion' and diversification of revenue by many sports franchises, and the switch to 'sports 2.0,' a new business model aimed at maximizing real estate surrounding sporting venues. He talks with Romaine Bostick and Katie Greifeld on "The Close."

Harbinger Sports Partners, the private equity firm that recently closed the first $466M of its debut fund, is close to making its first franchise investment in one of what it calls the “big three” leagues: MLB, NBA and NFL.

Harbinger Sports Partners, an Atlanta-based private equity fund targeting minority stakes in major US sports leagues, has reached $450m in investor commitments at the first close of its flagship fund.