Mark Cuban, Falcons Owner Buying Stake in MLB Team
Summary
Mark Cuban and Rashaun Williams are buying part of the ownership group of the Oakland Athletics baseball team. The team is moving to a new domed stadium in Las Vegas in 2028 and is currently playing in Sacramento.Key Facts
- Mark Cuban owns the Dallas Mavericks basketball team and appears on the TV show "Shark Tank."
- Rashaun Williams is a minority owner of the Atlanta Falcons football team.
- They are buying into the Athletics through a sports-focused private equity firm called Harbinger Sports Partners.
- The exact size and price of their ownership stake were not shared publicly.
- Forbes values the Athletics at about $2 billion.
- The Athletics moved from Oakland and now play in Sacramento without a permanent home city.
- The team plans to move into a new $2 billion domed stadium on the Las Vegas Strip in 2028.
- The new stadium will seat up to 33,000 fans and is expected to attract many visitors and tourists.
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