Billionaire Bill Foley Is SPAC Market’s Overlooked Star
April 12, 2021 by Amrith Ramkumar
Fast-trading, social-media-obsessed investors have driven the special-purpose acquisition company craze. One of the biggest SPAC creators is a staid insurance executive who wants nothing to do with them.
Billionaire Bill Foley, owner of the Vegas Golden Knights team in the National Hockey League, has bypassed unproven electric-car makers and speculative space companies and instead focused on solid, sustainable businesses.