american sports company

Fenway Sports Group Holdings, LLC ( FSG ), is the ultimate parent party of Major League Baseball ‘s Boston Red Sox and Liverpool F.C., a Premier League football team. FSG was founded in 2001 as New England Sports Ventures ( NESV ) when John W. Henry joined forces with Tom Werner, Les Otten, The New York Times Company, and other investors to successfully bid for the Red Sox. NESV formally announced its name variety to Fenway Sports Group in March 2011. [ 1 ]

In addition to owning the Red Sox and Liverpool F.C., the Boston-based limit liability company besides owns the home stadiums for both teams ( Fenway Park and Anfield ) and Fenway Sports Management ( which in turn owns the Salem Red Sox a Low-A East minor league baseball franchise ), plus 80 % of the New England Sports Network ( NESN ) and 50 % of RFK Racing, with cars entered ( as of the 2021 season ) in NASCAR Cup Series racing rival. In an April 2014 article in Forbes, senior editor Kurt Badenhausen called FSG “ the most twist, synergistic player in the come historic period of external sports conglomerates ”. [ 2 ] In 2021, FSG was embroiled in a controversy over its attempts, together with the ownership groups of eleven other football clubs, to create a european Super League. In doing so, FSG sought to emulate elements of the union american english sports exemplary, creating a contest with strictly limited entry beyond a proposed fifteen total establish penis clubs and appearing to largely eliminate the European arrangement of meritocratic promotion and relegation. Principal owner John W. Henry belated issued an apology in which he took sole responsibility for the club ‘s interest in the speculation, which subsequently collapsed. [ 3 ] [ 4 ] [ 5 ]

history [edit ]

New England Sports Ventures, LLC, was formed in accord with Delaware State Law in 2001. [ 6 ] The company registered to do business in Massachusetts in the same year. [ 7 ]

business interests [edit ]

Boston Red Sox [edit ]

The Boston Red Sox are a professional baseball team based in Boston, Massachusetts, and a member of the Major League Baseball ’ second American League Eastern Division. Founded in 1901 as one of the American League ‘s eight lease franchises, the Red Sox ‘s home approximate range has been Fenway Park since 1912. The “ Red Sox ” name was chosen by the team owner, John I. Taylor, around 1908, following previous Boston teams that had been known as the “ crimson Stockings. ” Boston was a dominant team in the modern league, defeating the Pittsburgh Pirates in the first World Series in 1903 [ 8 ] and winning four more championships by 1918. In 2002, the Red Sox were sold by the Yawkey Trust to Fenway Sports Group. [ 9 ] They had endured one of the longest backing droughts in baseball history, called by some the “ Curse of the Bambino “ after its alleged begin with the Red Sox ‘s sale of Babe Ruth to the rival Yankees in 1919, an 86-year delay before the team ‘s sixth World Championship in 2004. crimson Sox history has besides been marked by the team ‘s intense competition with the New York Yankees, arguably the fiercest and most historic in north american professional sports. Since 2003, the Red Sox have been perennial playoff contenders and have won four World Series, emerging as one of the most successful MLB teams of the last decade .

Fenway Park [edit ]

Fenway Park is a baseball park near Kenmore Square in Boston, Massachusetts. Located at 4 Jersey Street, it has served as the base ballpark of the Boston Red Sox baseball club since it opened in 1912, and is the oldest major League Baseball stadium presently in use. It is, along with Chicago ‘s Wrigley Field, one of the copulate of the original “ bejewel box ” criterion ballparks that are hush in use. Considered to be one of the best-known sports venues in the U.S., Fenway Park became the oldest venue used by a professional sports team in the United States in 1999 when the Detroit Tigers moved out of Tiger Stadium which opened the same day as Fenway Park. [ 10 ]

Fenway South [edit ]

Fenway South is the spring train root of the Boston Red Sox in Fort Myers, Florida. The purpose-built prepare and musician development building complex is used year-round by the Red Sox and its minor league farm teams—Worcester Red Sox, Portland Sea Dogs, Greenville Drive, and Salem Red Sox—and includes an 11,000-seat stadium and an extra six baseball fields together with train and medical facilities. As the give train home of Red Sox, it replaced nearby City of Palms Park. The stadium within Fenway South is called JetBlue Park, through sponsorship by JetBlue Airways, which has maintained major operations at Boston ‘s Logan International Airport since 2004 .

NESN [edit ]

The New England Sports Network ( NESN ) is a regional cable television network that covers the six New England states except Fairfield County, Connecticut and Southbury, Connecticut, a town in New Haven County that is covered by New York City sports networks. FSG is NESN ‘s majority owner ( 80 % ) and the Boston Bruins own the remaining 20 %. Although it chiefly broadcasts non-national Boston Red Sox and Boston Bruins games, NESN besides features minor league baseball, regional college sports including college field hockey games on Friday nights, diverse outdoor shows, and sports talk shows featuring the sports columnists of The Boston Globe, as that composition is besides owned by John Henry .

Roush Fenway Keselowski Racing [edit ]

Roush Fenway Keselowski Racing ( once Roush Racing and Roush Fenway Racing ) is a racing team competing in NASCAR race. As one of NASCAR ‘s largest premier racing teams, Roush runs the No. 6 and No. 17 Ford Mustangs in the NASCAR Cup Series and previously competed in the Xfinity Series ( 1992–2018 ), NASCAR Camping World Truck Series ( 1996–2009 ) and ARCA RE/MAX Series. Roush first entered NASCAR contest in 1988, but had competed and won championships in assorted drag racing and sports car racing series since the mid-1960s. The rush business was in the first place a small ramify of co-owner Jack Roush ‘s successful automotive engineering and road-racing equipment business based in Livonia, Michigan. On February 14, 2007, FSG purchased 50 % of Roush Racing to create a new corporate entity, Roush Fenway Racing. [ 11 ]

Fenway Sports Management [edit ]

Fenway Sports Management ( FSM ) was established by FSG in 2004. It styles itself as a “ new kind of sports marketing agency ”, created by FSG to expand its footprint beyond its most celebrated holdings, the Boston Red Sox of Major League Baseball and Fenway Park. FSM entered into an exclusive sponsorship sales agreement with MLB Advanced Media and Boston College ‘s major intercollegiate sports in 2004 and as of 2014 counts the Red Sox, Liverpool F.C., LeBron James, [ 13 ] Johnny Manziel, [ 14 ] BC, Roush Fenway Racing, MLB.com, the PGA Tour ‘s Deutsche Bank Championship, NESN, the Worcester Red Sox and the Salem Red Sox among its client base.

Liverpool F.C . [edit ]

Having previously partnered with the English football club Fulham F.C., [ 15 ] [ 16 ] on October 6, 2010, FSG agreed to buy Liverpool F.C. [ 11 ] from owners George N. Gillett, Jr. and Tom Hicks, after the control panel voted 3–2 to oust them from the club. [ 17 ] [ 18 ] It purchased through auxiliary, “ N.E.S.V. I, LLC ” ( incorporated in Delaware ) and UK based holding company “ UKSV Holdings Company Limited. ” Liverpool won the 2018-19 UEFA Champions League, [ 19 ] having finished runner-up in the previous year ‘s rival. They won the 2019-20 Premier League temper. [ 20 ] In 2021, FSG was embroiled in a controversy over its attempts, along with the owners of a few other football clubs, to create a european Super League. In doing thus, FSG wanted to copy the NFL franchise model, creating a league without relegation and forwarding, and ending the existing league pyramid system. [ 3 ] [ 4 ] Whilst wide reported, the suggestion of removing the involve clubs from domestic competition and its associated pyramid were false. The proposed league would take the place of UEFA competitions in the footballing calendar following a similar format of midweek fixtures followed by smasher rounds, albeit with a selective membership. [ 21 ] The league ultimately collapsed following public outshout and criticism from media outlets, [ 22 ] with aged figures from clubs including John Henry making populace apologies to fans .

Anfield [edit ]

Anfield is a football stadium in the city of Liverpool, England. Built in 1884 and in the first place the home of Everton F.C., the stadium has been home to Liverpool F.C. since it was formed in 1892. FSG purchased Anfield along with Liverpool F.C. in October 2010. [ 23 ]

Salem Red Sox [edit ]

In December 2007, Fenway Sports Group agreed to purchase the Salem Avalanche of the Carolina League, Single A Advanced consort of the Houston Astros with the anticipation of converting the team to a Boston -affiliated club. In 2009, the Salem, Virginia -based team adopted the Red Sox nickname, including a logo and color scheme to match their parent baseball club. Since Fenway acquired the golf club, it has had a relative sum of success, claiming one league championship, two division titles, and making three playoff appearances .

Pittsburgh Penguins [edit ]

On November 29, 2021, FSG announced its purpose to purchase a controlling stake in the Pittsburgh Penguins of the National Hockey League. [ 24 ]

Partners [edit ]

John W. Henry is the chief owner, holding an estimated 40 percentage of stock in FSG. Chairman Tom Werner controls the second-largest parry of shares. [ 25 ] The Boston Globe ( owned by Henry ) reported in March 2021 that RedBird Capital Partners, a New York individual investment firm, had acquired a $ 750 million interest in Fenway Sports Group to become its third-largest spouse, with Boston-based asset coach Michael S. Gordon, president of FSG, holding the fourth-largest share. [ 25 ] [ 26 ] [ 27 ] On 31 March 2021, FSG formally announced that NBA superstar LeBron James and his longtime business partners, Maverick Carter and Paul Wachter – along with Boston Red Sox CEO Sam Kennedy – had besides acquired partnerships in FSG. [ 28 ] Partners in Fenway Sports Group LLC as of 31 March 2021 include : [ 28 ] [ 29 ]
Ed Weiss is listed as administrator frailty president/corporate scheme and general guidance and Greg Morris as foreman fiscal policeman. [ 29 ]

References [edit ]

  • Boston Red Sox 2010 Media Guide, page 9