RedBall Stock Surges - Reports Liverpool Owner To Take Fenway Public

Red Sox selling shares to the public? Bruins Pats and Celtics did that long ago

The deal being discussed would merge Fenway Sports Group with RedBall Acquisition Corp and will value the owner of the Liverpool Football Club at around $8 billion including debt, the source said, asking not to be identified.

In August, RedBall raised US$575 million in its initial public offering (IPO) to spend on acquiring a professional sports franchise.

Beane's "special goal 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.

A deal could come to fruition by as soon as the end of this month, according to MSN.

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

The Wall Street Journal, which first reported the talks, added that discussions are at an early stage and could still collapse.

Instead, Beane is likely to work with Red Sox principal owner John Henry on his sports portfolio, which also includes English Premier League champions Liverpool. Of the $115 billion raised in IPOs on USA exchanges this year, nearly half of that has been by SPACs, according to data compiled by Bloomberg.



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