Longtime Oakland A’s executive Billy Beane, known for pioneering the “moneyball” front office strategy and later portrayed by Brad Pitt in a feature film, looks set to leave baseball behind.
Beane co-chairs RedBall Acquisition Corp. — a special purpose acquisition company — which reportedly has a deal to merge with Red Sox owner John Henry’s Fenway Sports Group. Henry also owns Liverpool FC and part of the Boston Globe.
RedBall, a joint venture between Beane and RedBird Capital, would purchase less than 25% of Fenway Sports Group under the deal, valuing it at $8 billion. If the merger goes through, Beane will “step aside from working in a baseball front office” and focus on potential investments in Europe, meaning he wouldn’t take part in running the Red Sox.