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RedBall Acquisition Priced, NYSE: RBAC

Blank check company formed by RedBird Capital targeting the sports industry (liquidated).

Industry: SPAC

First Day Return: +1.0%

Industry: SPAC

We are a new blank check company. While we may pursue an acquisition opportunity in any industry or sector, we intend to focus on businesses in the sports, media and data analytics sectors, with a focus on professional sports franchises, which complement our management team’s expertise and will benefit from our strategic and hands-on operational leadership. We believe that the experience and capabilities of our management team will make us an attractive partner to potential target businesses, enhance our ability to complete a successful business combination, and bring value to the business post-business combination. Our management team represents a unique combination of operating, investing, financial and transactional experience. This group has a strong track record of creating value for shareholders in multiple sports, media and data analytics companies that we have led, managed and/or invested in. Our management team is led by Gerald Cardinale (Co-Chairman), Billy Beane (Co-Chairman), Alec Scheiner (Chief Executive Officer) and Luke Bornn, PhD (Executive Vice President). Throughout their careers, Mr. Cardinale, Mr. Beane, Mr. Scheiner and Dr. Bornn have built successful businesses in the sports industry, not only driving on-field performance of leading franchises and building up their profitability, but also creating new, innovative and lasting businesses around these franchises.
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RedBall Acquisition (RBAC) Performance