Reported 2 days ago
Venture capitalist Rashaun Williams has partnered with Mark Cuban and Steve Cannon to create the Harbinger Sports Partners Fund, aimed at investing in NBA, NFL, and MLB teams. The fund will focus on acquiring up to 5% ownership stakes in sports franchises, leveraging the operational expertise of Cuban and Cannon to navigate the rising valuations in the sports market. This move comes as institutional investments in sports become more commonplace, especially following the NFL's new policies allowing such investments.
Source: YAHOO