Wednesday, 28 October, 2020

Beane-counting: Liverpool's moneyball gathers speed with Fenway expansion proposal

Billy Beane will leave A's if SPAC merges with Fenway Sports Group Liverpool owners Fenway Sports Group are in talks to merge with company owned by 'Moneyball' guru
Cary Erickson | 17 October, 2020, 17:43

Beane, the A's executive vice president of baseball operations and owner of a minority stake in the franchise, will leave Oakland's front office if his special objective acquisition company completes a merger with Fenway Sports Group, The Wall Street Journal reported Monday.

RedBall is set to begin tapping prospective investors about raising $1 billion in new equity, the person said.

In August, RedBall raised US$575 million in its initial public offering (IPO) to spend on acquiring a professional sports franchise.

RedBall is a special objective acquisition company (SPAC) headed up by Gerry Cardinale, the founder and managing partner of private equity firm RedBird Capital, and Oakland A's executive Billy Beane. The deal hasn't been finalized and talks could still collapse.

Google Chat will become available as a free service next year
Google will also migrate all of your conversations over to Chat from Hangouts , along with contacts and saved history. Google has already announced that it will close Hangouts and it is now shifting to Google Chat over the next year.

RedBall and Fenway Sports Group did not respond to a request for comment outside regular business hours.

Oakland Athletics executive Billy Beane could be leaving the organization to pursue other opportunities outside of baseball, reports Jared Diamond, Joshua Robinson, and Miriam Gottfried of The Wall Street Journal.

Instead, Beane is likely to work with Red Sox principal owner John Henry on his sports portfolio, which also includes English Premier League champions Liverpool.