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Liverpool owners Fenway Sports Group are in talks to merge with company owned by 'Moneyball' guru Billy Beane in a deal worth £1.2bn as Reds chief John Henry looks to set up a stable of clubs across Europe

John Henry, owner of Liverpool FC and Boston Red Sox, is in talks to publicly list his sports holdings in a merger with a blank-cheque company, two people familiar with the matter said.

The move would value his company at $8bn in a proposed tie-up with Billy Beane, the US baseball executive depicted by Brad Pitt in the film Moneyball.

A listing of Fenway Sports Group LLC, the holding company for the reigning English Premier League football champions and the 2018 World Series baseball champions, would be one of the most high-profile sports offerings on the stock market in recent years.