Report: A’s exec and ‘Moneyball’ pioneer Billy Beane plans to leave baseball
Report: Moneyball pioneer Billy Beane plans to quit baseball. It originally appeared on NBC Sports Washington
The “Moneyball” era could finally come to an end in Oakland.
Billy Beane will step down from his position in the athletics front office once the merger between an acquisition firm he co-chairs and Fenway Sports Group of Boston Henry Sox owner John Henry is complete, the Wall Street Journal reported on Monday. The merger would create a conflict of interest for Beane, who also has a minority stake in A.
Beane partnered with a private equity firm in July to create RedBall Acquisition Corporation, a SPAC looking to raise $ 500 million to buy professional sports teams and / or leagues. The contract with Fenway Sports Group, which WSJ says will cost Henry's group $ 8 billion for a 25 percent stake, would allow Beane to pursue "other sports companies" including European football.
Henry tried to lure Beane to Boston for most of 20 years. He first tried to get him away from Oakland in 2002 by offering to make him the highest-paid GM in MLB history. Beane was offered a five-year $ 12.5 million contract to join the Red Sox, but turned it down to spend more time with his teenage daughter. In the 18 years since then, Boston has won four World Series. The A won zero.
The longtime baseball manager is credited with being an early adopter of the Sabermetric movement. His strategy of using analyzes to localize market inefficiencies and translate them into local success has become the industry standard in all MLB front offices. He was played by Brad Pitt in the 2011 film Moneyball, based on the Michael Lewis book of the same name.
The 58-year-old will now join the group of owners owned by Henry, who, alongside the Red Sox, already owns the reigning champions of the English Premier League, Liverpool. Beane is a minority owner of the English Barnsley Football Club and the Dutch club AZ Alkmaar. It's not clear exactly what role he will play at Fenway Sports Group, but all signs seem to indicate that he is leaving baseball behind.
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