Mark Cuban has announced a significant career shift as he concludes his tenure on ABC’s Shark Tank. His final appearance on the show airs this Friday, marking the end of a 14-year run that began in 2011. Cuban decided to leave the series to spend more time with his teenage children before they head off to college, noting that the show’s filming schedule often conflicted with his family’s summer plans .
Coinciding with his departure from Shark Tank, Cuban is launching a new venture: the Harbinger Sports Partners Fund. This $750 million private equity fund aims to acquire minority stakes (up to 5%) in major U.S. professional sports teams across the NBA, NFL, and MLB. The fund plans to invest between $50 million and $150 million per transaction, with an exit strategy involving secondary offerings within seven to ten years .
Despite stepping away from Shark Tank, Cuban remains active in public life. He has been a vocal supporter of Vice President Kamala Harris and has expressed interest in serving as the head of the Securities and Exchange Commission (SEC) under a Harris administration .
