After 14 years as super shark, Mark Cuban swims away from ABC's "Shark Tank" with a final episode May 16. Why the maverick says he's leaving.

Former Mavericks majority owner Mark Cuban ‘s final episode of Shark Tank will air Friday night. The episode is the Season 16 finale. My last @ABCSharkTank is this Friday. Gonna miss it. But it was time to move on Make sure to watch ! https://t.co/4cou7yqIy9

The Harbinger Sports Partners Fund will focus on acquiring stakes of as much as five percent, the group said in a statement, adding that it expects to invest $50 million to $150 million in each transaction and use secondary offerings to exit the positions within seven to 10 years.