0/ The WSJ is reporting that $RBAC (Billy Beane & Gerry Cardinale SPAC) is in talks to take Fenway Sports Group (which owns the @RedSox & @LFC) public in a deal that would value them at $8.0B (including debt).

The last Forbes values were $3.3B / $2.2B https://www.wsj.com/articles/red-sox-owner-in-talks-for-deal-with-redball-acquisition-11602286661">https://www.wsj.com/articles/...

1/ The group also has a controlling stake of the New England Sports Network. It would join $MSGS (Knicks & Rangers), $BATRA (Braves), $FWON (Formula One), and $MANU amongst publicly traded sports assets.

2/ Looking at recent precedent @MLB transactions this will be the 9th deal in the past 10 years; although Henry will be selling down a stake & this won& #39;t be a control sale.

3/ We have talked about the "Financialization of Everything" and think sports teams will be part of this mix. You& #39;ve seen Dyal Capital formed to invest in LP interests of NBA teams, GSP & Arctos for LP interests broadly.

There are ~264 LP owners currently across the Big 4

4/ We& #39;re seeing this with teams, memorabilia, and other "scarce" assets. In part fueled by this 0% interest rate world. https://medium.com/@John_Street_Capital/the-financialization-of-everything-82a9f1f66ef6">https://medium.com/@John_Str...