Fenway Sports Group — the owner of the Boston Red Sox and Liverpool Football Club — could be headed public. RedBall Acquisition Corp. is reportedly looking to raise an additional $1 billion to take a less than 25% stake in Fenway Sports Group — valuing the company at $8 billion.
The merger with the special purpose acquisition company could be agreed to by the end of the month. A publicly-owned Fenway could make more plays for sports team acquisitions, including European soccer teams which are an increasingly popular target.
Oakland Athletics general manager Billy Beane could be in a sticky spot, and could be forced to choose between the Red Sox and A’s — again. Beane was offered the Sox general manager position in 2002 for $12.5 million, turning it down for an equity stake in the A’s. He’s now a principal in RedBall.
Fenway Sports Group Holdings:
- Boston Red Sox
- Fenway Park
- New England Sports Network
- Liverpool F.C.
- Salem Red Sox
- Roush Fenway Racing
- Fenway Sports Management
