Around New England

You May Soon Be Able To Invest In The Boston Red Sox

October 13, 2020

The Boston Red Sox could soon be on the stock market.

Fenway Sports Group, headed by John Henry, the principal owner of the Boston Red Sox, is reportedly working out a merger deal with RedBall, a publicly-traded company. Its co-chairman is Billy Beane, the general manager of the Oakland Athletics, who has a minority ownership stake in that team, according to MSN.

RedBall, publicly traded on the NASDAQ, raised $575 million in August and plans to raise another $1 billion to buy a stake in Fenway Sports Group. The company’s business model focuses on sports, sports media, and data analytics.

A deal could come to fruition by as soon as the end of this month, according to MSN.