Sporting a deep roster of talented managers, RedBall aims to find a candidate to create the rare publicly-listed sports franchise in the next 24 months. The team is headlined by Billy Beane – the former Oakland A’s general manager and executive who pioneered “Moneyball” techniques of leveraging performance analytics to generate the best ROI on player acquisitions.
Co-chairing the Board with Beane is Gerald Cardinale, who leads RedBird Capital Partners, and has a long list of wins on his resume including helping to create the Yankees Entertainment & Sports (YES) Network. Alec Scheiner, a former Dallas Cowboys and Cleveland Browns executive, serves as Redball’s CEO.
Total SPAC deal count for 2020 year-to-date is now 67 with $26.56 billion in gross proceeds raised. The offering is anticipated to close on Monday, August 10, 2020.
Goldman Sachs & Co. LLC is acting as the sole book-running manager for the offering. Fried, Frank, Harris, Shriver & Jacobson LLP and White & Case LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC, acted as auditor. Continental Stock Transfer & Trust Company is acting as trustee.