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.

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