Red Sox owner to take Fenway Sports public through merger with RedBall

Billy Beane will leave A's if SPAC merges with Fenway Sports Group

The made-in-the-USA deal would value Fenway reportedly at £6.2 billion and would give it the cash to expand into the European club market with a club acquisition.

RedBall is set to begin tapping prospective investors about raising $1 billion in new equity, the person said.

Beane's "special objective acquisition company", RedBall Acquisition Corp, has former Premier League chief executive Richard Scudamore on its board, and he brings a wealth of experience, not least in maximising broadcasting revenues. The deal hasn't been finalized and talks could still collapse.

Their ravage fan base would buy up stocks in the Fenway Sports Group in a snap of a finger.

Oakland Athletics executive Billy Beane could be leaving the organization to pursue other opportunities outside of baseball, reports Jared Diamond, Joshua Robinson, and Miriam Gottfried of The Wall Street Journal.

In 2002, Beane turned down an offer to become the Red Sox general manager, remaining with the A's and parlaying Boston owner John Henry's offer into a small ownership stake with Oakland.

RedBall is one of several SPAC listings that have emerged of late, along with companies merging with SPACs to try and avoid the complications and risks of an IPO.



Latest news

Federal judge: Surveillance of governor's vacation home shows kidnapping plot was serious
A sixth man, Barry Croft, was separately ordered on Tuesday to be transferred to MI from his home state of Delaware. Another suspect in the state case, Paul Bellar, is facing extradition from SC where he was arrested last week.

Black Ops Cold War Beta October 16 Patch Notes
Look for for Black Ops Cold War and search for the solution labeled "Contact of Responsibility: Black Ops Chilly War Open Beta". To download the Call of Duty: Black Ops Cold War open beta on the PlayStation 4, be sure to follow the steps outlined below.

John Lennon's killer apologizes to Yoko Ono
It was an extremely selfish act. "I'm sorry for the pain that I caused to her (Yoko)". "I think of it all the time". No doubt, a Beatles fan or two may have wanted to put him out of his misery with a ticket to the morgue.

Rudy Giuliani's daughter endorses Joe Biden
But the chasm was painful nonetheless, and has gotten exponentially more so in Trump's era of chest-thumping partisan tribalism. The intelligence on Giuliani's contacts with Russian agents made it to Trump. "The only way to end this nightmare is to vote".

Newcastle vs Man Utd: Ighalo sends message to Cavani, others
However, Ighalo is positive that United can shake off the disappointing home defeat against Tottenham Hotspur and get a good result against the Magpies.

Other news