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Arb Traders Weigh on Sports SPACs as Fund Indicator Fails

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Arb Traders Weigh on Sports SPACs as Fund Indicator Fails

RedBall SPAC, famously led by Gerry Cardinale and Billy Beane, has the most institutional shareholders of sports-focused special purpose acquisition companies on the market. The 165 funds that own shares or warrants in RedBall handily outpace Alex Rodriguezs…

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