Fenway Sports Group

Fenway Sports Group Holdings, LLC (FSG), is an American holding company which owns or has investments in organisations with operations in sports, marketing, media, entertainment, and real estate. It is the ultimate parent company of Major League Baseball's Boston Red Sox and Liverpool F.C., a Premier League soccer 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 change to Fenway Sports Group in March 2011.
In addition to owning the Red Sox and Liverpool F.C., the Boston-based limited liability company also owns the home stadiums for both teams (Fenway Park and Anfield) and Fenway Sports Management (which in turn owns the Salem Red Sox of the Class A Carolina League, a minor league baseball franchise), plus 80% of the New England Sports Network (NESN) and 50% of Roush Fenway Racing, with cars entered (as of the 2021 season) in the NASCAR Cup Series racing competition.
In an April 2014 article in "Forbes", senior editor Kurt Badenhausen called FSG "the most sophisticated, synergistic player in the coming age of international sports conglomerates". 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 fifteen total 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.
History.
New England Sports Ventures, LLC, was formed in accordance with Delaware State Law in 2001. The company registered to do business in Massachusetts in the same year.
Business interests.
Boston Red Sox.
The Boston Red Sox are a professional baseball team based in Boston, Massachusetts, and a member of the Major League Baseball’s American League Eastern Division. Founded in as one of the American League's eight charter franchises, the Red Sox's home ballpark has been Fenway Park since . The "Red Sox" name was chosen by the team owner, John I. Taylor, around , following previous Boston teams that had been known as the "Red Stockings." Boston was a dominant team in the new league, defeating the Pittsburgh Pirates in the first World Series in and winning four more championships by .
In , the Red Sox were sold by the Yawkey Trust to Fenway Sports Group. They had endured one of the longest championship droughts in baseball history, called by some the "Curse of the Bambino" after its alleged beginning with the Red Sox's sale of Babe Ruth to the rival Yankees in 1919, an 86-year wait before the team's sixth World Championship in . Red Sox history has also been marked by the team's intense rivalry with the New York Yankees, arguably the fiercest and most historic in North American professional sports. Since , 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.
Fenway Park is a baseball park near Kenmore Square in Boston, Massachusetts. Located at 4 Jersey Street, it has served as the home ballpark of the Boston Red Sox baseball club since it opened in 1912, and is the oldest Major League Baseball stadium currently in use. It is, along with Chicago's Wrigley Field, one of the pair of the original "jewel box" standard ballparks that are still 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.
NESN.
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 mainly broadcasts non-national Boston Red Sox and Boston Bruins games, NESN also features minor league baseball, regional college sports including college hockey games on Friday nights, various outdoor shows, and sports talk shows featuring the sports columnists of "The Boston Globe", as that paper is also owned by John Henry.
Roush Fenway Racing.
Roush Fenway Racing (formerly Roush Racing) is a racing team competing in NASCAR racing. As one of NASCAR's largest premier racing teams, Roush runs the No. 6 and No. 17 Ford Mustangs in the Monster Energy Cup Series and previously competed in the Xfinity Series (1992–2018), NASCAR Gander Outdoors Truck Series (1996–2009) and ARCA RE/MAX Series.
Roush first entered NASCAR competition in 1988, but had competed and won championships in various drag racing and sports car racing series since the mid-1960s. The racing business was originally a small branch 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.
Fenway Sports Management.
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 famous 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, Johnny Manziel, 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..
Having previously partnered with the English soccer club Fulham F.C., on October 6, 2010, FSG agreed to buy Liverpool F.C. from owners George N. Gillett, Jr. and Tom Hicks, after the board voted 3–2 to oust them from the club. It purchased through subsidiary, "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, having finished runners-up in the previous year's competition. They won the 2019-20 Premier League season.
In 2021, FSG was embroiled in a controversy over its attempts, along with the owners of a few other soccer clubs, to create a European Super League. In doing so, FSG wanted to copy the NFL franchise model, creating a league without relegation and promotion, and ending the existing league pyramid system.
Anfield.
Anfield is a football stadium in the city of Liverpool, England. Built in 1884 and originally 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. 
Salem Red Sox.
In December 2007, Fenway Sports Group agreed to purchase the Salem Avalanche of the Carolina League, Single A Advanced affiliate 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 moniker, including a logo and color scheme to match their parent club. Since Fenway acquired the club, it has had a relative amount of success, claiming one league title, two division titles, and making three playoff appearances.
Partners.
John W. Henry is the principal owner, holding an estimated 40 percent of stock in FSG. Chairman Tom Werner controls the second-largest block of shares. "The Boston Globe" (owned by Henry) reported in March 2021 that RedBird Capital Partners, a New York private investment firm, had acquired a $750 million stake in Fenway Sports Group to become its third-largest partner, with Boston-based asset manager Michael S. Gordon, president of FSG, holding the fourth-largest share. On 31 March 2021, FSG officially 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 also acquired partnerships in FSG.
Partners in Fenway Sports Group LLC as of 31 March 2021 include:
Ed Weiss is listed as executive vice president/corporate strategy and general counsel and Greg Morris as chief financial officer.