Harbinger Sports Partners has acquired a minority ownership stake in Major League Baseball’s Athletics, based in Las Vegas. The transaction is part of the club’s completed equity financing aimed at constructing a new ballpark on the Las Vegas Strip.

This marks a significant milestone for Harbinger, representing the first investment from its inaugural fund and its initial foray into the Las Vegas sports market. "Las Vegas represents one of the greatest sports investment opportunities of our generation," stated Rashaun Williams, founder and chief investment officer of Harbinger Sports Partners. "We’re not simply investing in a baseball franchise. We’re investing in a city that has fundamentally changed the economics of professional sports."

According to sources familiar with the deal, Harbinger was the sole private equity firm extended an invitation to participate in this specific financing round. Financial terms of the acquisition were not disclosed.