A-Rod Joins Blank-Check Derby to Build the ‘Yankees of SPACs’

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, will now start scouting for a merger deal to enrich him and his investors.

Watch: Former all-star for the cross-town Yankees, Alex Rodriguez, has signed onto special purpose acquisition companies, or SPACs. Rodriguez’s Slam Corp. will now start scouting for a merger deal to enrich him and his investors.

(Source: Bloomberg)

“I have said to myself many, many times, ‘Boy, if I had the capital I would love to buy this company,’” Rodriguez, perhaps better ...