Sport

Liverpool owner to take Fenway Sports public through merger with RedBall

Liverpool owner to take Fenway Sports public through merger with RedBall”

The transaction, which would combine the famed teams' parent company Fenway Sports Group with RedBall, is set to value the combined entity at $8 billion, including debt, said the person, who asked not to be identified because the talks are private.

Major League Baseball may be about to lose its most famous front office figure.

According to 'The Times, Fenway Sports Group, the North American owners of Liverpool and the Boston Red Sox, are working on the sale of 25% of their stocks to RedBall Acquisition Group.

More news: Bangladesh overtakes India in per capita GDP, IMF says

Billy Beane, of Money Ball fame, has dipped his toes into the world of financial acquisitions and it appears his next target is the Boston Red Sox.

Beane has already dabbled in European football as part of the consortium that acquired Barnsley and holds a minority share in Holland's AZ Almaar.

"It seems like a clear conflict", Jason Dana, an associate professor of management and marketing at Yale School of Management, told Bloomberg in an email Saturday. "For the same reasons, this seems to open up the possibility of coordination between two teams, which is bad for the game". Forst succeeded Beane as general manager in 2015, and he worked as an assistant general manager for 12 seasons.



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