Fenway Sports Group’s growth ambitions received a double dose of hopeful news Tuesday.
The parent company of the Red Sox and Liverpool Football Club approved a $750 million private investment that would make RedBird Capital Partners its third-largest partner, according to a source with knowledge of the deal.
The deal is contingent on Major League Baseball’s approval, which could take several weeks, the source said.
The other development introduced another new FSG partner who needs no introduction: LeBron James.
By becoming a partner in FSG, the Los Angeles Lakers star also will become a part-owner of the Red Sox as well as other FSG subsidiaries, including NESN, Roush Fenway Racing [emphasis added], and Fenway Sports Management.
On FSG’s shopping wish list are NFL and NBA franchises, another European soccer club, NHL, MLS, WNBA, and NWSL teams, plus sports betting, esports, and data analytics companies.
— Boston Globe —