Red Sox Ownership in Talks to Go Public Via SPAC Deal

Red Sox fans may soon have an opportunity to own part of their beloved team...sort of. Fenway Sports Group, which owns the Red Sox and defending Premier League champion Liverpool, could soon be going public. According to the Wall Street Journal, the group is in advanced talks for a deal with RedBird Capital’s RedBall SPAC that would bring the team public and land RedBird a minority stake in the team. Cara Lombardo, mergers and acquisitions reporter for the Wall Street Journal, breaks down what this deal would involve, with Fenway Sports Group valued at about $8 billion.
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