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 are the overarching criteria for growth opportunities mentioned by FSG?

Describe the process FSG uses for mergers and acquisitions.

What challenges does FSG face in competing with large financial investments in sports?

What is the significance of discipline in FSG's investment strategy?

How did FSG's acquisition of Liverpool FC come about?