RexCathedra
Aurea Mediocritas
Moneyball inspiration and Athletics executive Billy Beane reportedly set to leave team in Fenway Sports deal
.... If the merger between Fenway Sports Group, which owns the Red Sox, and RedBall Acquisition Corp., a special-purpose acquisition company that Beane is a co-chairman of, goes through, Beane will leave his role with the [Oakland[ Athletics to avoid the conflict of interest, The Wall Street Journal reported on Monday.
Beane will not take a role with the Red Sox front office, according to the Wall Street Journal. If the merger is completed, Beane will work on Fenway Sports Group’s European soccer portfolio.
Last Friday, The Wall Street Journal reported that RedBall would purchase less than 25 percent of Fenway Sports Group, valuing it at $8 billion, and making Fenway Sports Group a public company.
Fenway Sports Group, which acquired Liverpool in 2010, could add more European soccer teams to its portfolio to become “an unprecedented global sports conglomerate,” according to The Wall Street Journal.
I don't think they're simply planning to acquire feeder clubs/farm teams... like TB has done in Belgium
More multi-team chains, a la Red Bull, seems to be the future. And the big fish get bigger, the squeeze on clubs in the middle gets greater.
Last edited: