Tag: Sox

Red Sox Owner to Take Fenway Sports Public Through Merger With RedBall: Source | Top News

October 10, 2020
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(Reuters) – Boston Red Sox owner John Henry is in talks with RedBall Acquisition Corp to take his famed sports holding company Fenway Sports Group LLC public, a person familiar with the matter told Reuters late on Friday.

The deal being discussed would merge Fenway Sports Group with RedBall Acquisition Corp and will value the owner of the Liverpool Football Club at around $8 billion including debt, the source said, asking not to be identified.

The talks were reported earlier by the Wall Street Journal newspaper, which said the discussions are in the early stage and could still fall apart.

The newspaper also said RedBall, which raised $575 million in August to buy businesses in sports and sports-related media and data analytics, plans to raise an additional $1 billion to buy a stake in Fenway Sports Group that will not exceed 25%.

RedBall, a special purpose acquisition company (SPAC), is

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Red Sox Owner in Talks to Take Sports Holdings Public

October 10, 2020
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Boston Red Sox owner 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.


RBAC 0.20%

, 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.

RedBall, which raised $575 million in August to buy businesses in sports and sports-related media and data analytics, plans to raise an additional $1 billion to purchase a stake that will total less than 25% in Fenway Sports Group and value it at $8 billion including debt, some of the people said.

The talks are in the early innings and could still fall apart. Fenway’s

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Chris Bassitt pitching vs. White Sox, his former team, always personal

September 30, 2020
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After a Gatorade shower following an A’s 2-0 win over the Chicago White Sox last season, starting pitcher Chris Bassitt said the ‘W’ meant a little extra for him.

He had just struck out seven in just as many innings and didn’t allow a run against the team that had drafted him in 2011. And now, he will face them again on the big stage in Game 2 of the AL Wild Card Series on Wednesday. It will be an added incentive.

“It’s special for me because — it’s kind of like playing with your friends kind of thing, so I know after the game I’ll have 30 or 40 ex-teammates and coaches and stuff texting me, so it’s fun — it’s a different dynamic,” Bassitt said Tuesday. 

In 2014, Bassitt was traded from Chicago to Oakland along with catcher Josh Phegley, first baseman Rangel Ravelo and shortstop Marcus Semien 

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