‘Moneyball’ legend Billy Beane joins Spac wave

Billy Beane was the subject of the book and film ‘Moneyball’ Billy Beane was the subject of the book and film ‘Moneyball’ © AP

Billy Beane, the US baseball executive who rose to fame for his statistically savvy approach to sporting success and who was the subject of the book and film Moneyball, has teamed up with Wall Street veteran Gerry Cardinale to launch the first “blank cheque” company aiming to buy a sports franchise.