Red Sox for sale? John Henry mulls taking Yankees’ rival public

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

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J.C. Penney’s debt holders prepare a last-minute rival bid for its real estate

J.C. Penney’s lenders are battling over the company’s real estate and their potential payback while the department store retailer needs an end in sight to its bankruptcy as the holiday shopping season looms.



a sign above a store: The J.C. Penney store at Stonebriar Centre in Frisco, Texas.


© Louis DeLuca/Dallas Morning News/TNS
The J.C. Penney store at Stonebriar Centre in Frisco, Texas.

Penney is close to having a solution that keeps alive the 118-year-old business and saves 70,000 jobs, but there’s no firm plan yet filed with the court.

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Deadlines continue to be missed, casting doubt with the retailer’s vendors who in some cases are holding back shipments of merchandise that Penney would need if it’s going to have a productive holiday season.

U.S. Bankruptcy Court Judge David Jones set some firm dates at a hearing on Wednesday to force everyone’s hand and calm suppliers that Penney will survive.

Debt holders led by Aurelius Capital Management plan to file a bid for

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