Home Money Business Billy Beane reportedly set to go away Athletics in Fenway Sports activities...

Billy Beane reportedly set to go away Athletics in Fenway Sports activities deal

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October 12, 2020 | 7:04 PM

It sounds as if John Henry will in the end get to paintings with Athletics govt Billy Beane.

If the merger between Fenway Sports activities Crew, which owns the Purple Sox, and RedBall Acquisition Corp., a special-purpose acquisition corporate that Beane is a co-chairman of, is going thru, Beane will go away his position with the Athletics to keep away from the battle of hobby, The Wall Side road Magazine reported on Monday.

Beane won’t take a job with the Purple Sox entrance place of business, in step with the Wall Side road Magazine. If the merger is done, Beane will paintings on Fenway Sports activities Crew’s Ecu football portfolio.

Closing Friday, The Wall Side road Magazine reported that RedBall would acquire not up to 25 p.c of Fenway Sports activities Crew, valuing it at $eight billion, and making Fenway Sports activities Crew a public corporate.

Fenway Sports activities Crew, which bought Liverpool in 2010, may upload extra Ecu football groups to its portfolio to turn out to be “an unheard of world sports activities conglomerate,” in step with The Wall Side road Magazine.

Beane become the Athletics’ normal supervisor in 1997. His good fortune in development a a hit baseball staff whilst operating with some of the league’s smallest budgets was once chronicled in Michael Lewis’s 2003 ebook “Moneyball.” The ebook was once tailored into an Oscar-nominated movie by way of the similar title in 2011. Beane was once portrayed by way of actor Brad Pitt within the film.

Following the Athletics’ 2002 season, Purple Sox proprietor John Henry, who Beane will likely be operating with if the merger is done, introduced Beane $12.five million to turn out to be the Purple Sox normal supervisor. Beane rejected the deal, which might have made him the highest-paid normal supervisor ever.

Beane was once promoted to govt vice chairman of baseball operations by way of the Athletics in 2015.

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