Boston Red Sox, Liverpool Going Public Via Billy Beane SPAC
A sports SPAC is set to take Fenway Sports Group public in a deal valuing the company at $8 billion, according to The Wall Street Journal.
About Fenway Sports Group: Fenway Sports Group is the owner of MLB’s Boston Red Sox and Liverpool Football Club of the English Premier League.
Fenway Sports Group bought the Red Sox in 2002 and has seen the team win four World Series titles since 2004.
Liverpool won the last season of the English Premier League and were the 2019 UEFA Champions League winners.
Fenway Sports Group owns 80% of the New England Sports Network, a regional sports channel that airs Red Sox games.
Forbes ranks the Boston Red Sox as the third most valuable baseball team with a valuation of $3.3 billion, including a $637 million value for Fenway Park. Liverpool is ranked as the eighth most valuable soccer club by Forbes with a valuation of $2.2 billion.
Reported by Benzinga