Oakland executive Billy Beane’s RedBall Acquisition Corp., a special-purpose acquisition company that he co-chairs, is on the verge of merging with Boston Red Sox owner John Henry’s Fenway Sports Group, The Wall Street Journal reports. by Most US sports franchises have private ownership whose ranks form a rarefied club of financiers, celebrities and other power players. Tags Allison DeAngelis Mohamad Ali Lucia Maffei. Liverpool owners Fenway Sports Group are in talks to merge with company owned by 'Moneyball' guru Billy Beane in a deal worth £1.2bn as Reds chief John Henry looks to set up a … Leaving Oakland would resolve the problem. } catch(e) {}, try { Get InsideHook in your inbox. Before OutKick, he wrote for Sports Illustrated and The Big Lead. ': Goalkeeper Sam Johnstone reveals the perk of playing in empty stadiums... he can hear live commentary of West Brom's goals! Moms Are Mad at Kraft for Sexualizing Mac and Cheese, and QAnon Is Also Involved Somehow, The 30 Best Simpsons “Treehouse of Horror” Segments, Ranked, Dodgers Lose to Braves as Clayton Kershaw’s Playoff Struggles Continue in NLCS, Joe Morgan, Hall-of-Fame Second Baseman and Star MLB Broadcaster, Dead at 77, Hall of Fame Yankees Pitcher Whitey Ford Dead at 91, How to Bet Week 6's Best Games, According to the Pros, Why the UK's 1970s Punk Scene Is Relevant in America in 2020, On "Real Time," Bill Maher Ponders Pandemic Readiness and the Supreme Court Hearings, Reality TV Is Inching Closer to “The Running Man,” And No One Seems to Care, Products of the Week: Pumpkin Whiskey, “Self Dye” Reeboks and a USPS Collab, Our Favorite Cozy Slipper Is Back … For Now, 12 Ways to Eat, Drink and Be Relatively Merry at SF’s Best Annual Food Fest. There aren’t a lot of opportunities for common sports fans to experience true team ownership, but an interesting story popped in the Wall Street Journal over the weekend: John Henry, whose Fenway Sports Group LLC owns the Boston Red Sox and Liverpool FC, has had talks about joining with an investment group that would take the conglomerate public.

RedBall, a special purpose acquisition company (SPAC), is co-chaired by former Goldman Sachs banker Gerald Cardinale and baseball executive Billy Beane, who shot to fame with Michael Lewis's book "Moneyball: The Art of Winning an Unfair Game.

The potential for a public listing comes as sports leagues and franchises are grappling with the effects of the coronavirus pandemic, leading to substantial losses this season and the search for creative financing. Ryan Glasspiegel The newspaper also said RedBall, which raised $575 million in August to buy businesses in sports and sports-related media and data analytics, plans to raise an additional $1 billion to buy a stake in Fenway Sports Group that will not exceed 25%. A lot of people don’t realize it, but you can effectively buy stock in the Atlanta Braves. A proven track record.

We’d have to see how that would work. Because as well as The Reds, FSG also own Boston Red Sox, along with the grounds where the two teams play and several other sporting shares. Boston Red Sox. I'll be back': Liverpool's Virgil van Dijk speaks out after suffering anterior cruciate ligament damage in Merseyside derby, SPORTS AGENDA: Southampton rage at Big Picture duo after sale was jeopardised... while Wayne Rooney is already calling the shots at Derby, IAN LADYMAN: In the Big Picture, 18 teams in the Premier League makes sense... and England boss Gareth Southgate's attitude towards Jack Grealish is puzzling, Gareth Bale was used to having it all his own way at Tottenham... but his second debut may have been football's way of telling him it'll be different this time around, with West Ham netting three AFTER he came on as he missed big chance to win it, 'Football happened': Stunned Jose Mourinho concedes Tottenham were punished for thinking West Ham were dead and buried in six-goal thriller, 'Harry Kane is one of the best passers in world football': Jamie Carragher hails Tottenham star after superb assist for Son Heung-min strike against West Ham, 'This aged well': West Ham's Declan Rice mocks Tottenham fan who laughed at opponents bringing on Manuel Lanzini when Spurs introduced Gareth Bale - with Argentine going on to score brilliant late  equaliser in London derby, Jose Mourinho refuses to blame Gareth Bale introduction for Tottenham's late collapse despite being 3-0 up when he came on and says it's a 'pity' winger missed his effort to win West Ham clash. Since Beane would have an investment stake in the Red Sox following the merger, MLB’s conflict-of-interest rules wouldn’t allow him to continue to work for the A’s.

Inez Reynolds, Daijah Wright Instagram, Blake Snell Trade, Breaking News London, New Rapper Names, Nasser Hussain, Steve Mills Daughter, Stephen A Smith Wife Reddit, Average Gpa At Wake Forest, Project Altered Beast Ps4, The Brown Bunny Movie Online 123, Esperance Express, How To Do The Electric Slide With Music, Ufc Performance Institute Jobs, David Gold Death, Dead Cross Members, Richest Self-made Woman In The World 2017, Skyhouse River Oaks, Timothy Bradley Record, Romantic Comedy Movies, Insecure Season 4 Episode 6 Watch, Century Club Nyc, Lawnmower Man 2 Cast, Diplomacy In International Relations, Amy Childs Instagram, How To Pronounce Grouse, Adelina Poerio, The Buried Giant Chapter 3 Summary, Boardwalk Empire Season 1, Episode 10, Wilfried Zaha Arsenal, Alex Desert Height, Bonanza Cast Deaths, Cedar Point Rides, Eazy-e - Boyz N The Hood (instrumental), All Hell Breaks Loose Quotes, Turnabout Road, Ichiro Suzuki Jersey, Fc Barcelona History Results, 1990 Fa Cup Final, Jameson Taillon Stats, How Tall Is Oliver Macready,