Baseball’s A-Rod Files to Raise $500 Million in Slam SPAC (1)

Former New York Yankees star Alex Rodriguez joined the roster of wealthy celebrities backing blank-check companies with a filing to raise $500 million for Slam Corp.

Rodriquez is the chief executive officer of Slam, which intends to pursue businesses in the sports, media, entertainment, health and wellness and consumer technology sectors, according to its filing Thursday with the U.S. Securities and Exchange Commission. Slam specified, though, that it doesn’t intend to target professional sports franchises.

Alex Rodriguez

Photographer: Dania Maxwell/Bloomberg

Slam Chairman Himanshu Gulati is the founder and managing partner of Antara Capital, which is backed by Blackstone Group Inc. Marc Lore, ...