Fenway Sports Group could add to their portfolio having been heavily linked with purchasing an NBA team in recent years.
Fenway Sports Group (FSG) could soon know their fate over their next potential investment.
Liverpool’s owners have held the keys to the club since 2010 after completing a 2010 takeover. In that time, nine major trophies including the Champions League and two Premier League titles have been won. FSG’s other flagship team is the Boston Red Sox. The iconic Major League Baseball outfit have claimed four World Series titles since John Henry and Co. bought the Red Sox in 2002.
FSG’s portfolio also boasts 50 per cent of NASCAR’s RFK Racing, Boston Common in the Tomorrow’s Golf League while the firm spearheaded a consortium to invest up to $3 billion in the PGA Tour.
NBA commissioner Adam Silver has admitted that talks over an expansion are set to take place next month at an owner’s meeting. Silver said via the Las Vegas Review-Journal: “My sense is at the March board of governors meetings will be having further discussions around the expansion process. We won’t be voting at the March meeting, but we will likely come out of those meetings ready, prepared to take a next step in terms of talking to interested parties.
“Expansion doesn’t have to be any number of teams. The logical next room would be to say, ‘Alright, we’ve had those discussions internally, we made decisions about cities to focus on and what the opportunity is and now we got to go out to the marketplace.’ And I think that is the most important step to find out who potentially is interested in owning a franchise in particular cities. What is the value of that franchise. There’s some work to do in terms of potential conference realignment and the next step there.”
“In fairness to cities, Seattle and Las Vegas, in particular, I have been very clear I don’t want to tease cites or mislead anyone. We wanted to get through collective bargaining, national television deals; we’ve done that. Now we’ve turned to it (expansion) as a league.”
Bloomberg has previously suggested that a new NBA team in Vegas could cost in the region of £5.1 billion ($7 billion).
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