Liverpool owner may go public with Moneyball guru

Fenway Sports Group, the owner of Liverpool Football Club and Boston Red Sox, is in talks with RedBall Acquisition Corp to go public, according to a Reuters report.

The deal being discussed by Fenway owner John Henry would merge his group with RedBall Acquisition Corp and would value the combined entity at around $8 billion including debt.

RedBall is a special purpose acquisition company (SPAC) that is co-chaired by former Goldman Sachs banker Gerald Cardinale and baseball executive Billy Beane, who shot to fame as the subject of Michael Lewis’s book “Moneyball.”

Moneyball tells the story of how Beane successfully used data and analytics in his management of the Oakland Athletics baseball club. 

The talks were reported earlier by the Wall Street Journal newspaper, which said the discussions are in the early stage and could still fall apart.

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%.

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.