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A-Rod joins blank-cheque derby to build the Yankees of SPACs
Crystal Tse, Bloomberg News VIDEO SIGN OUT
After losing a deal for the New York Mets baseball team to billionaire Steve Cohen, Alex Rodriguez has another game he wants to win.
The former all-star for the cross-town Yankees has joined the lengthening roster of financiers, executives, politicians, celebrities and athletes who have signed onto special purpose acquisition companies, or SPACs. Rodriguez, whose Slam Corp. began trading Tuesday, now joins the others in scouting for a merger deal to enrich him and his investors.
âI have said to myself many, many times, âBoy, if I had the capital I would love to buy this company,ââ Rodriguez, perhaps better known simply as A-Rod, said in an interview. âNow with the SPAC, the game is our game to win.â