Baseball for the Thinking Fan

Login | Register | Feedback

btf_logo
You are here > Home > Baseball Newsstand > Baseball Primer Newsblog > Discussion
Baseball Primer Newsblog
— The Best News Links from the Baseball Newsstand

Monday, October 12, 2020

Red Sox owner John Henry’s Fenway Sports Group discussing merger with RedBird Capital Partners to take company public

Red Sox owner John Henry is trying to take Fenway Sports Group public through a merger with RedBall Acquisition Corp., The Wall Street Journal is reporting.

Fenway Sports Group owns the Red Sox, the Liverpool soccer team, NESN, Roush Fenway Racing, Fenway Park and Liverpool’s stadium, Anfield.

“RedBall is a so-called special purpose acquisition company launched by private-equity firm RedBird Capital Partners and Oakland Athletics executive Billy Beane,” The Wall Street Journal wrote.

The talks remain in the early stages and it might not happen, per the report.

The Wall Street Journal also reported Fenway Sports Group “could look to buy up more clubs in Europe” by going public.

As MLBTradeRumors pointed out, “Should the Fenway Sports/RedBall venture go forward, it’s hard to imagine Beane would continue to remain with the A’s if he is that heavily involved in the ownership group of a rival team’s parent company.”

 

RoyalsRetro (AG#1F) Posted: October 12, 2020 at 09:23 AM | 6 comment(s) Login to Bookmark
  Tags: red sox

Reader Comments and Retorts

Go to end of page

Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.

   1. winnipegwhip Posted: October 12, 2020 at 10:08 AM (#5982538)
Who gives a #### about the playoffs when you are worried about the 2nd quarter actuals being lower than projections and the stock price is heading in the wrong direction.
   2. villageidiom Posted: October 12, 2020 at 11:58 AM (#5982566)
$700 million for the Red Sox, Fenway Park, and 80% of NESN, back at the end of 2001.

$60 million for 50% of Roush Racing in 2007.

$560 million (at the time) for Liverpool FC and Anfield in 2010.

...valued now at $8 billion.

For what it's worth, based on those purchase amounts and the timing, assuming they could have thrown it into a S & P 500 index fund and let it ride, they'd be around $4.2 billion today instead of $8 billion. So that's... uh, a pretty good return.

And yes, I know they couldn't just throw it into an index fund and get that result.
   3. villageidiom Posted: October 12, 2020 at 01:12 PM (#5982580)
Let me correct what I posted earlier. If the $60 million and $560 million had come out of revenues generated by the Red Sox investment, then it's basically $8 billion of value from a $700 million investment in 2001. That's (checks math) an even better return.
   4. jmurph Posted: October 12, 2020 at 01:14 PM (#5982581)
Unfortunately it was just shy of enough to pay to keep their future Hall of Famer. Alas. But I'm happy for him! Whomst amongst us can't get excited about a billionaire becoming even richer!
   5. the Hugh Jorgan returns Posted: October 12, 2020 at 05:39 PM (#5982662)
#2,
The Red Sox winning 4 times, Liverpool taking out the champions league and the premier league back to back has assisted in boosting that value significantly.

It's simple business really. Find a seemingly underperforming asset, throw some funds and analytics at it, win some titles....sell baby!
   6. Walt Davis Posted: October 12, 2020 at 10:59 PM (#5982734)
Hey, I'm an underperforming asset, please feel free to throw some funds my way.

You must be Registered and Logged In to post comments.

 

 

<< Back to main

BBTF Partner

Dynasty League Baseball

Support BBTF

donate

Thanks to
rr
for his generous support.

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogOrioles trade veteran infielder José Iglesias to Los Angeles Angels, report says
(8 - 2:13am, Dec 03)
Last: the Hugh Jorgan returns

NewsblogHBO Sports & Major League Baseball Team Up For CC Sabathia Documentary
(2 - 2:01am, Dec 03)
Last: Lowry Seasoning Salt

NewsblogNBA Post-Bubble offseason thread
(2023 - 12:59am, Dec 03)
Last: aberg

NewsblogBill James: The Biggest Problem With WAR
(111 - 12:25am, Dec 03)
Last: caspian88

NewsblogTwins place Eddie Rosario on outright waivers
(14 - 11:57pm, Dec 02)
Last: Nasty Nate

NewsblogLet’s Fix MLB’s Salary Arbitration System: The Arbitrators
(20 - 11:47pm, Dec 02)
Last: Lowry Seasoning Salt

NewsblogIchiro to coach high school baseball team
(9 - 11:37pm, Dec 02)
Last: What did Billy Ripken have against ElRoy Face?

NewsblogOT - Soccer Thread - Winter Is Here
(229 - 11:32pm, Dec 02)
Last: Fancy Pants Handle struck out swinging

NewsblogMLB non-tender deadline tracker: Yankees will keep Gary Sanchez; White Sox, Twins, Cubs make notable cuts
(17 - 10:48pm, Dec 02)
Last: Walt Davis

Hall of MeritMost Meritorious Player: 2020 Ballot
(7 - 10:16pm, Dec 02)
Last: DL from MN

NewsblogEmpty Stadium Sports Will Be Really Weird
(10698 - 9:54pm, Dec 02)
Last: ramifications of an exciting 57i66135

NewsblogA push to recognize the statistics of Black players from baseball’s era of apartheid
(51 - 8:19pm, Dec 02)
Last: Mike Webber

NewsblogIs the Hall leaving out too many players?
(87 - 8:07pm, Dec 02)
Last: John DiFool2

NewsblogSources: Isiah Kiner-Falefa to replace mainstay Elvis Andrus as starting Rangers shortstop next season
(19 - 5:48pm, Dec 02)
Last: Walt Davis

NewsblogPrimer Dugout (and link of the day) 12-2-2020
(2 - 3:48pm, Dec 02)
Last: Walt Davis

Page rendered in 0.2610 seconds
48 querie(s) executed