This could be a game-changer in the American League East.
The Wall Street Journal reports John Henry “is in talks to join with an investment vehicle for an $8 billion deal that would take his famed sports holdings public, according to people familiar with the matter.”
The deal being discussed would merge Fenway Sports Group LLC, which also owns English soccer team Liverpool Football Club, with RedBall Acquisition Corp., the people said. RedBall is a so-called special purpose acquisition company launched by private-equity firm RedBird Capital Partners and Oakland Athletics executive Billy Beane.
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According to the Journal, RedBall is looking “to purchase a stake that will total less than 25% in Fenway Sports Group. … The talks are in the early innings and could still fall apart. Fenway’s investors had a meeting