Led by Gerry Cardinale, a private investor who sits on the board of both the Yankees' parent company and the YES network, and Oakland A’s … "Leipzig have been able to spoil the party at the top of the Bundesliga without having to outlay too much because they have a conveyor belt of talent that is unlike any other.". Talks between RedBall and Fenway Sports Group, owners of Liverpool, are continuing, but there is no guarantee of a deal. Digg. While that deal has broken down because the group could not accumulate enough capital to finance a move, something similar remains on the table for Liverpool in the short to medium term. Cardinale has married his interest in sport and business several times, being a board member of YES (Yankee Entertainment & Sports Network) since 2001. There are other ones too if you want them as well. "Leipzig are able to remain competitive without throwing exorbitant amounts of money at players each summer. RedBall is a vehicle created by former Goldman Sachs partner Gerry Cardinale … "It is phenomenal the amount of increase they get to see on players, and they also get first dibs on some of Europe’s brightest and best - Dominik Szoboszlai is the example of that. There was concern that goalkeeper Alisson would miss the match after he wasn’t pictured in training on Thursday but Klopp has allayed those fears. Cardinale himself was a benefit of a Rhodes scholarship back in 1989. Last week, reports emerged that FSG was set to move to a new phase of its ownership of Liverpool. Receive newsletters with the latest news, sport and what's on updates from the Liverpool ECHO by signing up here. John Henry wants to turn FSG and Liverpool into one of the biggest football franchises in the world ... Gerry Cardinale – earlier in 2020 and raised … It was previously reported that RedBall, a SPAC, was looking to acquire 25 percent of FSG in a deal that would have valued the company at around US$8 billion, including debt. The founder of Zelus, Doug Fearing, has a background in analytics and statistical modelling similar to that Beane adopted at Oakland, with Fearing, doing a similar role for both the Tampa Bay Rays and Los Angeles Dodgers. And, should Biden win the election, that deal could be sped up with the candidate looking to raise capital gains tax from 23.8 per cent to 43.4 per cent. After drawing RB Leipzig in the Champions League last-16, there has been much talk about the Red Bull group and the way that the energy drinks brand has successfully taken its football clubs to the top. The Liverpool connection was furthered by the appointment of ex-Reds director of football, Damien Comolli, as chairman of the French side. Cardinale recently bought Ligue 2 club Toulouse, whose chairman is former Liverpool sporting director Comolli. Liverpool owners Fenway Sports Group had been in talks with RedBall Acquisition Corp, a special purpose acquisition company founded by American billionaire Gerry Cardinale and baseball analytics guru Billy Beane, since October over the potential for FSG selling a 20 to 25 per cent stake in their business, which includes the Reds, the Boston Red Sox baseball franchise and the … When you've made your choice, press the Update Preference button at the bottom. "The benefits are being able to develop talent and there is a better talent pathway. This is a very attractive league, Lampard's Chelsea was the perfect target for Atletico. Email. Print. Ten years since taking on the Reds from the grip of Tom Hicks and George Gillett, John Henry's FSG have overseen a period of growth that culminated in success with a Champions League triumph and … "The whole FSG interest in the RedBall deal was very much centred around the multi-club interest and having someone lead that as opposed to them leading it - Billy Beane was going to lead this expansion of the portfolio. 110. Born and raised in the affluent Main Line suburbs of Philadelphia, Cardinale excelled at academia and sport - particularly rowing - and attended the lauded Harvard University where he achieved at AB (Bachelor of the Arts) during his time at the school between 1985 and 1989. "[The Red Bull model] is a model which ultimately other clubs will follow because in terms of market value," said the ECHO's business of football writer Dave Powell on a Red Bull x Liverpool podcast special from Blood Red. Premier League champions Liverpool are looking to dominate again this eason and we'll have all the latest news on any moves they make in the transfer market. Liverpool correspondent Paul Gorst will also be sending an extra weekly newsletter with all the latest from behind-the-scenes at Melwood. At his press conference to preview Liverpool v Everton, Jurgen Klopp confirmed that Fabinho will miss Saturday’s Merseyside derby – but Alisson is ‘fine’. explains more about how we use your data, and your rights. RedBall Acquisition Corp, a special purpose acquisition company, or Spac, set up by Mr Beane and Gerry Cardinale, founder of the private equity firm Redbird Capital Partners, raised $575m in August with the aim of acquiring a sports franchise. "I don’t think it was a part of the FSG plan but I think it is now - because they probably see [the advantages]," Powell added. Former WWE superstar Dwayne "The Rock" Johnson, Dany Garcia and Gerry Cardinale’s private equity investment firm RedBird Capital have teamed up to buy the XFL for $15 million, the XFL announced. When you subscribe we will use the information you provide to send you these newsletters. It's that simple. Finding value in the transfer market, recruiting the best young talents around and learning from other clubs in other regions are all things that Liverpool already do. If he invests in Liverpool, there is … SPACs raise money by going public and then have a set period, usually two years, to find and secure a company in which to invest or acquire. You'll also get the latest transfer talk and analysis straight to your inbox every day with our FREE email newsletter. Our. Share. Viber. So finding a way to do them more frequently with a better, more streamlined and refined approach is an obvious step to take to evolve and become even more successful. Liverpool owners Fenway Sports Group are looking into the possibility of copying the Red Bull model with the benefits of a multi-club approach clear, Another tough weekend in a season of them - get our LFC email updates, twice each day. But what about Cardinale? The Liverpool boss did, however, reveal that Fabinho, along with James … 0. Cardinale also sits on the board of a number of other organisations such as Skydance Media and One Team Partners, which works in partnership with the Players Associations of the NFL and MLB to monetise the name, image and likenesses of the collective players. Your emails will come through to your inbox from that moment on. 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Linkedin. "Then there is the benefit of sharing data analytics, medical things, and things like that. Cardinale, who credits his approach to life and business with life lessons learned through rowing, competed in the famous Oxford/Cambridge Boat Race while in England, as well as competing at the Henley Regatta during his time at Harvard. Tumblr. Something went wrong, please try again later. "Gerry Cardinale is still interested in investing in Liverpool and he already owns, through RedBird capital, Toulouse. Liverpool owners Fenway Sports Group are still pursuing plans for deal with special purpose acquisition company. Liverpool owner John Henry, who also owns the Boston Red Sox, tried to hire Beane years ago to help the Red Sox and Liverpool. Moneyball founder Billy Beane has seen his attempt to invest in FSG fall through, with the proposed deal potentially seeing Liverpool join a Red Bull-style network of clubs. "Clubs would rather develop their players in European leagues, whether that is Segunda B or things like that, because it is more competitive than U23 football. Sometimes they’ll include recommendations for other related newsletters or services we offer. But when Beane and billionaire Wall Street veteran Gerry Cardinale created their special purpose acquisition company (SPAC), RedBall Acquisition Corp … Let's start from the beginning. The shell company said it would use data analytics, made famous by Mr Beane through his management of the Oakland … First just click on this link to our newsletter sign-up centre. You can't blame one player for the loss of points, Tottenham players are unhappy with Mourinho's methods. Last week saw reports emerge that FSG were set to move into a new phase of their ownership of Liverpool. Get all the latest Liverpool breaking news, team news, transfer rumours, injury updates plus analysis of what's next for the Reds. LINE. It's free, easy and takes no time at all. Gerry Cardinale is the man behind the potential merger between FSG Liverpool and RedBall Acquisitions. The main window is closed, but deals with EFL clubs can still be done until October 16. The deal may include Minamino, Ronald Koeman: Langle takes everything to heart. FSG are in talks with RedBall Acquisition over a potential merger, one that would see RedBall take a stake of around 25 per cent, the American special purpose acquisition company (SPAC) raising $575m (£443m) in its initial public offering (IPO) back in August, the purpose of the funds being to invest or acquire a professional sports organisation. "There will come a point soon when they are going to have to and they probably see this as a way to get the best of both worlds. "But the flip side of that is that when you compare them to the rest of the teams competing for honours, they don’t invest a huge amount. Twitter. Cardinale is a major stakeholder in the YES Group, America’s biggest regional sports TV network, which broadcasts the live games of the New York Yankees, Brooklyn Nets, New York City FC and WNBA team New York Liberty. Listen to the full Red Bull x Liverpool podcast from Blood Red by clicking HERE. The links with RedBall were more than simply speculation; it was more a clear sign that FSG are open to something like that happening in the near future. Billy Beane (right) is keen to invest in FSG, (Image: Jane Tyska/MediaNews Group/The Mercury News via Getty Images), Gerry Cardinale is behind a potential merger with FSG, (Image: Amy Sussman/Getty Images for Niche Media), Gerry Cardinale is the man behind potential FSG Liverpool merger, Liverpool are Interested in Ocampos, but are not sure whether to pay 65 million euros. "Where there is a return on an investment, that is where FSG come into play and that is why in the next five years, you will probably see the first few shoots of this happen. Liverpool owners FSG and ... RedBall is the brainchild of billionaire American financier Gerry Cardinale, a man with a keen interest in sports analytics, and Billy Beane, a … One uncertainty is whether Major League Baseball would approve the change of ownership of Boston Red Sox. Cardinale, 53, also has an interest in philanthropy, being on the selection committee for Oxford University's Rhodes Trust, which offers scholarships to gifted individuals from all backgrounds, all across the world. The planned deal between Liverpool owners Fenway Sports Group and RedBall Acquisition Corp looks likely to be held up until later in the year. Telegram. Liverpool owner John Henry is currently trying to secure a £6bn deal with American investment firm RedBall Acquisition over a possible merger. Strikers believe that he is too focused on defending in training, Oblak on a possible move to the Premier League: Of course, I watch the matches. The men behind RedBall are baseball guru and long-time Henry friend - and also subject of Hollywood film 'Moneyball' starring Brad Pitt - Billy Beane, as well as billionaire American financier Gerry Cardinale, a man with a keen interest in European sport. Beane's time with the Oakland Athletics, where his still remains - for now - as executive vice-chairman and shareholder with the Major League Baseball franchise where he made his name through his love and adoption of statistical analysis. Once you're there, put your email address where it says at the top, then click on the Liverpool FC newsletter. Gerry Cardinale is the Founder and Managing Partner of the firm. VK. The Post also confirmed that RedBall … Liverpool owners Fenway Sports Group had been in talks with RedBall Acquisition Corp, a special purpose acquisition company founded by American billionaire Gerry Cardinale and baseball analytics guru Billy Beane, since October over the potential for FSG selling a 20 to 25 per cent stake in their business, which includes the Reds, the Boston Red Sox baseball franchise and the … As a reminder: FSG entered into negotiations with a group headed by long-time baseball executive Billy Beane and investor Gerry Cardinale named ‘RedBall’. Business of Football Writer. RedBall will be looking to raise another £771m ($1bn) to complete any transaction, the club then possibly moving on to the stock market. WhatsApp . The American financier has, like Beane, an interest in sporting analytics and invested in Austin, Texas-based firm Zelus Analytics, which is described as a world-leading sports intelligence platform for professional sports teams. You'll get breaking transfer news, analysis, rumours, live coverage and much more. October 21, 2020. Cardinale then got his first taste of Europe when he attended Oxford University between 1989 and 1991, a Rhodes Scholar attaining his Master of Philosophy in Politics and Political Theory. The club denies, Alvaro Negredo: When Pepe played with Ramos at Real Madrid, he couldn't sleep before the match, https://www.liverpoolecho.co.uk/sport/football/football-news/gerry-cardinale-man-behind-potential-19133640. Cardinale, through his Redbird FC investment arm purchased French Ligue 2 side Toulouse during the summer, installing former Liverpool director of football Damien Comolli as chairman. ReddIt. "They count the pennies more than any other Premier League club, which is good in one sense because it allows them to ride out the implications of a global pandemic much better and they are in rude health financially. FSG end talks over $8bn investment that could have seen Liverpool build network of clubs : Below is a summary of the full article. The investment in Zelus Analytics, who could be included in an successful merger with FSG, tied into his July 2020 acquisition of French Ligue 2 side Toulouse, whom he acquired through a newly established company, Redbird FC, the idea being to bring data analysis to the forefront of the club's decision making process. "Gerry Cardinale is still interested in investing in Liverpool and he already owns, through RedBird capital, Toulouse. RedBall, which is co-chaired by long-time baseball executive Billy Beane and investor Gerry Cardinale (pictured), was previously reported to have been looking to … Gerry Cardinale is the man behind potential FSG Liverpool merger Last week saw reports emerge that FSG were set to move into a new phase of their ownership of Liverpool. Liverpool transfer news and updates including the latest on Erling Haaland, Thiago Alcantara, David Alaba, Jadon Sancho, Diogo Jota and more. Sign up here - it only takes a few seconds! The whole operation can share best practice. The Philly native also sits on the Board of Trustees at the Mount Sinai Health System in New York, a healthcare network that looks after eight campuses in the New York City metropolitan area. You can unsubscribe at any time. That's it! Pinterest. RedBall is a special purpose acquisition company (SPAC) headed up by Gerry Cardinale, the founder and managing partner of private equity firm RedBird Capital, and Oakland A’s executive Billy Beane. By Dave Powell. The RedBall SPAC was founded by former Oakland A's general manager and "Moneyball" legend Billy Beane and Gerry Cardinale, the CEO of private equity firm RedBird Capital. The talks between Henry’s Fenway Sports Group and RedBall Acquisition Corp., a special purpose acquisition company started by Gerry Cardinale, may lead to a deal that values the iconic teams at about $8 billion, said the person, who was granted anonymity because the matter is private. During his time at Oxford he indulged his love of rowing, something he pin-points back to the Philadelphia working class roots of Jack Kelly, a three-time Olympic gold medal winner, and father of actress Grace Kelly, who rose from humble roots as a Philly bricklayer to succeed on the water and in business. It may make Henry, Gerry Cardinale and Billy Beane eager to shake hands on a … echo. The CV of Beane - who sat down with the ECHO during the summer for an exclusive podcast - is a little more widely known than that of Cardinale's, that tends to happen when Hollywood immortalises you in cinema. Ten years after facing … Facebook. Dan Primack, a contributor for Axios, wrote that RedBall, co-chaired by Billy Beane of Moneyball fame and banker/investor Gerry Cardinale, … The Anfield club’s American parent company FSG are in advanced negotiations with investment group RedBall Acquisition, set up by Beane and a billionaire American financier, Gerry Cardinale. Although uncertainty is the pandemic and its effect on revenues. While it might be something that others follow suit in over the coming decades, Liverpool can get ahead of their competition, as they so often do these days, by doing that sooner rather than later. And that route of multi-club ownership is where Liverpool will almost certainly head next. Talks for a deal between the ownership group behind Liverpool FC and the Boston Red Sox and a blank-cheque company led by Moneyball executive Billy Beane have fallen apart, according to people briefed on the matter. Sources told The Post that Cardinale and Beane will have well over $1 billion at their disposal, enough to take on a large minority stake in Liverpool. Tuchel's system is still crude, but it still makes the pair more equal, Fiorentina held talks with Sarri. For Cardinale, 2020 has been particularly busy for his business interest given the creation of Redbird FC, the purchase of Toulouse, forming RedBall - which counts former Premier League executive chairman Richard Scudamore as a board member - as well as entering into a business venture with Hollywood actor Dwayne Johnson in the purchase of the XFL spring football league in the US. He has also served as a board member of Yankee Global Enterprises, the corporate holding company of the MLB franchise the New York Yankees and its affiliated businesses. "It is something that Liverpool and FSG will explore and eventually it will be something all of the big clubs are doing.". If he invests in Liverpool, there is an obvious potential tie-in there. Ten years since taking on the Reds from the grip of Tom Hicks and George Gillett, John Henry's FSG have overseen a period of growth that culminated in success with a Champions League triumph and a 30-year wait for a league title at an end. Like many financiers he started his working life at Goldman Sachs in New York, spending 20 years there and rising to partner before leaving in 2012, spending a few months at BDT Capital Partners before setting up private investment firm Red Bird Capital Partners.