Fenway Sports Group Looks to Add New Teams

Fenway Sports Group (FSG) is focused on maintaining access to capital and keeping costs low to support growth. The group has been expanding since 2021, with significant investments like the NHL Pittsburgh Penguins. FSG evaluates opportunities through a five-person committee before ownership makes final decisions. The sports franchise market is competitive, with high entry costs and financial challenges. FSG emphasizes discipline and flexibility in investments, as illustrated by their rapid acquisition of Liverpool in 2010.

What significant event in 2021 marked an increase in FSG's growth mode?

• The launch of a new sports league

• The sale of the NHL Pittsburgh Penguins

• The acquisition of the Boston Red Sox

• Red Bird Capital's 11% equity stake

Who are the ultimate decision-makers for new investments at FSG?

• The five-person committee

• The sponsorship department

• The Chief Strategy Officer

• John Henry, Tom Werner, and Mike Gordon

What challenge does FSG face in the European soccer market?

• Strong financial controls

• Weak financial controls and high entry costs

• Lack of investment opportunities

• Low franchise prices

What is a key aspect of FSG's strategy in player development and transfers?

• Avoiding free agents

• Focusing only on local talent

• Discipline and flexibility

• Aggressive spending

How quickly did FSG acquire Liverpool FC after initial interest?

• In 120 days

• In 90 days

• In 30 days

• In 60 days