RBAC - Billy Beane's SPAC (RBAC) deal for Red Sox appears to have fallen apart Axios says

RedBall Acquisition (RBAC), the SPAC formed by baseball executive Billy Beane, known for the book/movie "Moneyball," has ended discussions to purchase a minority stake in the parent company of the Boston Red Sox and the Liverpool F.C., according to an Axios report.RedBall couldn't raise enough outside capital at the asking price, Axios writes.Possible that alternative investment, structured more like private equity, may happen.Recall Oct. 9, Red Sox owner to take Fenway Sports public through merger with RedBall: source.Recall Aug. 17, RedBall Acquisition completes $575M IPO.

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Billy Beane's SPAC (RBAC) deal for Red Sox appears to have fallen apart, Axios says