RedBall Acquisition Corp. filed last week to raise $500 million in an initial public offering.

Billy Beane co-leads the special purpose acquisition company, which is backed by private equity firm RedBird Capital Partners.

It said it intends to pursue an acquisition in the sports, media and analytics sectors, with a focus on professional sports franchises.

RedBird acquired France’s Toulouse Football Club this month and also made an investment in sports analytics company Zelus Analytics, according to the filing.