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Fenway Sports Group
Company type
Private
Industry
Sports investment
Founded
Delaware (2001 (2001))
Founder
John W. Henry Tom Werner
Headquarters
Boston, Massachusetts
,
United States
Key people
LeBron James (investor)
Divisions
Fenway Sports Management
Subsidiaries
Boston Red Sox Liverpool Pittsburgh Penguins TGL Boston Fenway Park Anfield Fenway South (including JetBlue Park) RFK Racing (50%) Worcester Red Sox (10%) Salem Red Sox Fenway Sports Management New England Sports Network (80%) MGM Music Hall at Fenway Fenway Sports Group Real Estate Fenway Music Company
Website
fenwaysportsgroup.com
Fenway Sports Group Holdings, LLC (FSG), is an American multinational sports holding conglomerate which owns NASCAR's RFK Racing, Major League Baseball's Boston Red Sox, the Premier League’s Liverpool, the National Hockey League's Pittsburgh Penguins, and the TMRW Golf League's Boston Common Golf.
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 change to Fenway Sports Group in March 2011.[1]
In addition to owning the Red Sox, Liverpool and the Penguins, the Boston-based limited liability company also owns the home stadiums for both the Red Sox (Fenway Park) and Liverpool (Anfield), as well as Fenway Sports Management (which in turn owns the Salem Red Sox, a Single-A minor league baseball franchise), and 80% of the New England Sports Network (NESN).
FSG has been praised for its successful emergence as a sophisticated international sports conglomerate.[2] There has also been criticism. In 2019, FSG was criticized for an attempt by Liverpool to trademark "Liverpool", which was turned down because of the "geographical significance" of the name.[3] In 2021, FSG was embroiled in a controversy over its attempts, together with the ownership groups of eleven other soccer clubs, to create a European Super League. In doing so, FSG sought to emulate elements of the North American sports model, creating a competition with strictly limited entry beyond a proposed 15 founding member clubs and appearing to largely eliminate the European system of meritocratic promotion and relegation. Principal owner John W. Henry later issued an apology in which he took sole responsibility for the club's involvement in the venture, which subsequently collapsed.[4][5][6]
^"NESV becomes Fenway Sports Group". March 22, 2011.
^"Red Sox Nation Goes Global". Forbes. March 31, 2019.
^Cite error: The named reference BBC2019 was invoked but never defined (see the help page).
^Powell, Dave (April 20, 2021). "Four reasons why Liverpool owners FSG want Super League to copy NFL model". Liverpool Echo. Retrieved April 20, 2021.
^Pearce, James. "Klopp furious at FSG over Super League and Liverpool players and staff stunned by abuse at Leeds". The Athletic. Retrieved April 20, 2021.
^"John W Henry's message to Liverpool supporters". April 21, 2021.
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adjacent Stanley Park, but after the acquisition of Liverpool F.C. by FenwaySportsGroup in 2010 it was made clear this would not happen, with the decision...
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acquisition of the Boston Red Sox by New England Sports Ventures (now FenwaySportsGroup), an ownership group he became partner to in 2021. Wachter was also...
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owner FenwaySportsGroup reportedly taking over AT&T SportsNet". CBS News. August 28, 2023. Retrieved August 31, 2023. "Penguins Announce 'SportsNet Pittsburgh'...
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