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RBAC - RedBall Acquisition News Story

$10.04 -0.1  -0.8%

Last Trade - 16/04/21

Mid Cap
Market Cap £626.1m
Enterprise Value £625.0m
Revenue £n/a
Position in Universe 2968th / 6850

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

Sat 10th October, 2020 1:45am
Oct 9 (Reuters) - Boston Red Sox owner John Henry is in
talks with RedBall Acquisition Corp  RBAC_c.N  to take his famed
sports holding company Fenway Sports Group LLC public, the Wall
Street Journal reported on Friday,
citing people familiar with the matter.
    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
Journal reported.
    The deal talks are in the early stage and could still fall
apart, the newspaper said.
    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." 
    RedBall and Fenway Sports Group did not respond to a request
for comment outside regular business hours.

 (Reporting by Sabahatjahan Contractor in Bengaluru
Editing by Sonya Hepinstall)
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