Liverpool 2-0 Brighton: match review
Fenway Sports Group own several teams including Liverpool and the Boston Red Sox but look set to part ways with the Pittsburgh Penguins.
Liverpool owners Fenway Sports Group (FSG) have agreed a fee to complete a sale of one of their teams, reports suggest.
FSG boast an impressive portfolio that makes them one of the most valuable sports empires. They have owned Liverpool since their takeover in 2010 for £300 million, with the valuation of the club increasing manifold in the past 15 years. During that time, the Reds have returned to the pinnacle of European football, with two Premier Leagues and the Champions League won. Having explored a potential sale, FSG opted to part ways with a minority stake of Liverpool to Dynasty Equity in September 2023. The deal was worth between £82 million and £164 million.
John Henry & Co. have owned iconic Major League Baseball franchise the Boston Red Sox since 2002. The Fenway Park outfit have claimed four World Series title during their tenure.
In December 2021, FSG purchased another prominent team; National Hockey League (NHL) outfit the Pittsburgh Penguins for a reported fee in excess of £600 million ($900 million).
However, FSG have not been successful at the Penguins. In the past three seasons, the Pennsylvania-based outfit have failed to reach the play-offs. And four years after their purchase, it appears that FSG are ready to part ways with the Penguins.
The Boston-based group have been linked with a sale for several months. According to Pittsburgh Hockey Now, a transaction is currently in the process of being completed.but 'complications on external details are holding up the process'. It's said that FSG have 'agreed a price' to sell the Penguins to the Hoffman Family of Companies, although NHL commissioner Gary Bettman 'has advised all parties to maintain silence on the matters until the deal is complete'.
Should the sale go through, FSG stand to make a significant profit on their initial investment. CNBC valued the Penguins at £1.31 billion ($1.76 billion).
In addition, FSG own 50 per cent of NASCAR’s RFK Racing. They also spearheaded a consortium named the Strategic Sports Group to invest potentially more than £2 billion into the PGA Tour through the for-profit entity PGA Tour Enterprises. A potential merger with the Saudi Arabia-funded LIV has yet to be agreed. FSG also own the franchise Boston Common Golf in the Tomorrow’s Golf League, which was helped to be established by Tiger Woods and Rory McIlroy. The second season starts in January.
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