Baseball legend Beane in Kop deal
LIVERPOOL’S owners are in talks over an investment deal that could enable them to build a European football empire, with legendary baseball figure Billy Beane helping to run it.
The Anfield club’s American parent company, FSG, are in advanced negotiations with investment group RedBall Acquisition, set up by Beane and billionaire American financier Gerry Cardinale.
The deal would result in the two companies merging, with RedBall taking a stake of just less than 25 per cent in the new company, which would be publicly listed on the stock market, and valued at more than
£ 6billion. The Wall Street Journal has confirmed reports from business insiders in the United States, which suggest Beane – who is famous for his Moneyball approach that revolutionised baseball – would resign his role with the Oakland Athletics to concentrate on the new venture.
Beane is currently an executive vicepresident and shareholder at the As, a major league baseball franchise. But MLB rules state he cannot have an interest in two baseball franchises – and FSG also own the Boston Red Sox. If the deal goes through, it is understood he will step down from the Oakland club.
Sources close to the deal suggest Beane would not work for the Red Sox, but instead concentrate on building up the new company’s football sports ventures in Europe, which would include buying new clubs.
BEANE: New venture