Fenway Sports Group (FSG) founder John Henry is holding discussions to merge his sports holding company with RedBall Acquisition and take it public. The transaction would value FSG at $8b.
- RedBall Acquisition is a SPAC started by private equity firm RedBird Capital Partners and Oakland Athletics executive vice president Billy Beane. Beane is known for having inspired Michael Lewis's 2003 book, "Moneyball."
- Fenway Sports Group owns the Boston Red Sox baseball team and British soccer club Liverpool FC.
- RedBall Acquisition raised $575m in August and is planning to raise an additional $1b. Should the deal be completed, RedBall would own no more than 25% of FSG.
- John Henry bought the Red Sox for $700m in 2001 and Liverpool for $300m in 2010. Once public, FSG would aim to acquire more soccer clubs across Europe.