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FSG CFO Julie Swinehart and Boston Red Sox President and CEO Sam Kennedy tell Tom Keene how FSG approaches M&A on Bloomberg Chief Future Officer.Source: Bloomberg

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By Randall Williams

July 14, 2023 at 12:02 PM UTC

This article is for subscribers only.

Fenway Sports Group, the parent company of the Boston Red Sox, Liverpool FC and the Pittsburgh Penguins is officially in “growth mode.”

One of the best-known sports investors, FSG has kept slowly adding teams to its roster. Founded by John Henry and Tom Werner to buy the Red Sox back in 2002 for $380 million, the group bought Liverpool FC in 2010 and two years ago purchased the Pittsburgh Penguins for $900 million.