Base­ball leg­end Beane in Kop deal

Daily Express - - BIG PICTURE: THE ISSUE DIVIDING FOOTBALL - By David Mad­dock

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

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