New England Sports Ventures
Encyclopedia
Fenway Sports Group is an American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 sports investment company. It is the parent company of Major League Baseball's
Major League Baseball
Major League Baseball is the highest level of professional baseball in the United States and Canada, consisting of teams that play in the National League and the American League...

 Boston Red Sox
Boston Red Sox
The Boston Red Sox are a professional baseball team based in Boston, Massachusetts, and a member of 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"...

 and Premier League football club Liverpool F.C.
Liverpool F.C.
Liverpool Football Club is an English Premier League football club based in Liverpool, Merseyside. Liverpool has won eighteen League titles, second most in English football, seven FA Cups and a record seven League Cups...

.

FSG was founded in 2001 as New England Sports Ventures when John W. Henry
John W. Henry
John William Henry II is a futures and foreign exchange trading advisor who founded John W. Henry & Company . He is the principal owner of the Boston Red Sox and Liverpool F.C., and co-owner of Roush Fenway Racing. In March 2006, Boston Magazine estimated his net worth at $1.1 billion, but noted...

 joined forces with Tom Werner
Tom Werner
Thomas Charles "Tom" Werner is an American television producer and businessman who, via his investment in New England Sports Ventures, is chairman of the Boston Red Sox and Liverpool Football Club....

, Les Otten
Les Otten
Leslie B. "Les" Otten , is the former CEO of the American Skiing Company. Since resigning as Chief Executive Officer in 2001, Otten has been involved in numerous other businesses and industries, including Major League Baseball's Boston Red Sox....

, The New York Times Company
The New York Times Company
The New York Times Company is an American media company best known as the publisher of its namesake, The New York Times. Arthur Ochs Sulzberger, Jr. has served as Chairman of the Board since 1997. It is headquartered in Midtown Manhattan, New York City....

  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
Limited liability company
A limited liability company is a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions...

 also owns the home stadiums for both teams (Fenway Park
Fenway Park
Fenway Park is a baseball park near Kenmore Square in Boston, Massachusetts. Located at 4 Yawkey Way, 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 one of two "classic"...

 and Anfield
Anfield
Anfield is an association football stadium in the district of Anfield, Liverpool, England, with a seating capacity of 45,522. It has been the home of Liverpool F.C. since their formation in 1892 and was originally the home of Everton F.C. from 1884 to 1892, before they moved to Goodison Park...

) and Fenway Sports Management (which in turn owns the Salem Red Sox
Salem Avalanche
The Salem Red Sox are a minor league baseball team in Salem, Virginia, USA, an independent city adjacent to Roanoke, Virginia. They are a Class High-A team in the Carolina League and are a farm team of the Boston Red Sox...

 of the Class A Carolina League
Carolina League
The Carolina League is a minor league baseball affiliation which operates in the South Atlantic Coast of the United States. Before 2002, it was classified as a "High A" league, indicating its status as a Class A league with the highest level of competition within that classification, and the fifth...

, a minor league baseball
Minor league baseball
Minor league baseball is a hierarchy of professional baseball leagues in the Americas that compete at levels below Major League Baseball and provide opportunities for player development. All of the minor leagues are operated as independent businesses...

 franchise), plus 80 percent of the New England Sports Network
New England Sports Network
The New England Sports Network, or NESN [NESS-en], 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, Connecticut which is covered by New York City sports networks...

 and 50 percent of Roush Fenway Racing, a NASCAR
NASCAR
The National Association for Stock Car Auto Racing is a family-owned and -operated business venture that sanctions and governs multiple auto racing sports events. It was founded by Bill France Sr. in 1947–48. As of 2009, the CEO for the company is Brian France, grandson of the late Bill France Sr...

 team.

History

New England Sports Ventures, LLC, was incorporated in Delaware
Delaware
Delaware is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. It is bordered to the south and west by Maryland, and to the north by Pennsylvania...

 in 2001, the company registered to do business in Massachusetts in the same year.

Boston Red Sox

The Boston Red Sox are a professional baseball team
Professional baseball
Baseball is a team sport which is played by several professional leagues throughout the world. In these leagues, and associated farm teams, players are selected for their talents and are paid to play for a specific team or club system....

 based in Boston
Boston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...

, Massachusetts
Massachusetts
The Commonwealth of Massachusetts is a state in the New England region of the northeastern United States of America. It is bordered by Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north; at its east lies the Atlantic Ocean. As of the 2010...

, and a member of the Major League Baseball
Major League Baseball
Major League Baseball is the highest level of professional baseball in the United States and Canada, consisting of teams that play in the National League and the American League...

’s American League Eastern Division
American League East
The American League Eastern Division is one of Major League Baseball's six divisions . This division was created before the start of the 1969 season along with the Western Division...

. Founded in as one of the American League's eight charter franchises, the Red Sox's home ballpark
Baseball park
A baseball park, also known as a baseball stadium, ball park, or ballpark is a venue where baseball is played. It consists of the playing field and the surrounding spectator seating...

 has been Fenway Park
Fenway Park
Fenway Park is a baseball park near Kenmore Square in Boston, Massachusetts. Located at 4 Yawkey Way, 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 one of two "classic"...

 since . The "Red Sox" name was chosen by the team owner, John I. Taylor
John I. Taylor
John Irving Taylor owned the Boston Red Sox from 1904 until 1911. He was the son of General Charles H. Taylor, publisher of the Boston Globe. He purchased the team from Henry Killilea on April 19, 1904, with his father Charles serving as a minority owner. In September 1911, the Taylors sold half...

, around , following previous Boston teams that had been known as the "Red Stockings
Atlanta Braves
The Atlanta Braves are a professional baseball club based in Atlanta, Georgia. The Braves are a member of the Eastern Division of Major League Baseball's National League. The Braves have played in Turner Field since 1997....

".

Boston was a dominant team in the new league, defeating the Pittsburgh Pirates
Pittsburgh Pirates
The Pittsburgh Pirates are a Major League Baseball club based in Pittsburgh, Pennsylvania. They play in the Central Division of the National League, and are five-time World Series Champions...

 in the first World Series
World Series
The World Series is the annual championship series of Major League Baseball, played between the American League and National League champions since 1903. The winner of the World Series championship is determined through a best-of-seven playoff and awarded the Commissioner's Trophy...

 in and winning four more championships by . However, they then went into one of the longest championship droughts in baseball history, called by some the "Curse of the Bambino
Curse of the Bambino
The Curse of the Bambino was a superstition cited as a reason for the failure of the Boston Red Sox baseball team to win the World Series in the 86-year period from 1918 to 2004...

" after its alleged beginning with the Red Sox's sale of Babe Ruth
Babe Ruth
George Herman Ruth, Jr. , best known as "Babe" Ruth and nicknamed "the Bambino" and "the Sultan of Swat", was an American Major League baseball player from 1914–1935...

 to the rival Yankees in 1918, an 86-year wait before the team's sixth World Championship in . However, the team's history during that period was hardly one of futility, but was rather punctuated with some of the most memorable moments in World Series history, including Enos Slaughter
Enos Slaughter
Enos Bradsher Slaughter , nicknamed "Country", was an American Major League Baseball right fielder. During a 19-year baseball career, he played from 1938–1942 and 1946-1959 for four different teams, but is noted primarily for his time with the St...

's "mad dash
1946 Boston Red Sox season
During the 1946 Boston Red Sox season, the Red Sox won their sixth American League championship, with a record of 104 wins and 50 losses. In the World Series, the Sox lost in 7 games to the St. Louis Cardinals...

" in , the "Impossible Dream" of , Carlton Fisk
Carlton Fisk
Carlton Ernest Fisk , nicknamed "Pudge" or "The Commander", is a former Major League Baseball catcher. During a 24-year baseball career, he played for both the Boston Red Sox and Chicago White Sox .Fisk was known by the nickname "Pudge" due to his 6'2", 220 lb frame...

's home run in , and Bill Buckner
Bill Buckner
William Joseph Buckner is a former Major League Baseball first baseman. Despite winning a batting crown in , representing the Chicago Cubs at the All-Star Game the following season and accumulating over 2,700 hits in his twenty-year career, he is best remembered for a fielding error during Game 6...

's error in . Red Sox history has also been marked by the team's intense rivalry with the New York Yankees
New York Yankees
The New York Yankees are a professional baseball team based in the The Bronx, New York. They compete in Major League Baseball in the American League's East Division...

, arguably the fiercest and most historic in North American professional sports. Since , the Red Sox have been perennial playoff contenders and have won two World Series, emerging as one of the most successful MLB teams of the last decade.

In , the Red Sox were sold by Yawkey trustee and president Harrington to Fenway Sports Group
Fenway Sports Group
Fenway Sports Management is a company headquartered in Boston, Massachusetts established by Fenway Sports Group 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...

.

Fenway Park

Fenway Park is a baseball park
Baseball park
A baseball park, also known as a baseball stadium, ball park, or ballpark is a venue where baseball is played. It consists of the playing field and the surrounding spectator seating...

 near Kenmore Square
Kenmore Square
Kenmore Square is a square in Boston, Massachusetts, United States, consisting of the intersection of several main avenues as well as several other cross streets, and Kenmore Station, an MBTA subway stop. Kenmore Square is close to or abuts Boston University, Fenway Park, and Lansdowne Street, a...

 in Boston
Boston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...

, Massachusetts
Massachusetts
The Commonwealth of Massachusetts is a state in the New England region of the northeastern United States of America. It is bordered by Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north; at its east lies the Atlantic Ocean. As of the 2010...

. Located at 4 Yawkey Way, it has served as the home ballpark of the Boston Red Sox
Boston Red Sox
The Boston Red Sox are a professional baseball team based in Boston, Massachusetts, and a member of 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"...

 baseball
Baseball
Baseball is a bat-and-ball sport played between two teams of nine players each. The aim is to score runs by hitting a thrown ball with a bat and touching a series of four bases arranged at the corners of a ninety-foot diamond...

 club since it opened in 1912, and is the oldest Major League Baseball
Major League Baseball
Major League Baseball is the highest level of professional baseball in the United States and Canada, consisting of teams that play in the National League and the American League...

 stadium
Stadium
A modern stadium is a place or venue for outdoor sports, concerts, or other events and consists of a field or stage either partly or completely surrounded by a structure designed to allow spectators to stand or sit and view the event.)Pausanias noted that for about half a century the only event...

 currently in use. It is the only one of the original standard ballparks that is still in use. Considered to be one of the best-known sports venues in the world, it became the oldest venue used by a professional sports team in the United States in 1990 when Comiskey Park
Comiskey Park
Comiskey Park was the ballpark in which the Chicago White Sox played from 1910 to 1990. It was built by Charles Comiskey after a design by Zachary Taylor Davis, and was the site of four World Series and more than 6,000 major league games...

 was demolished.

NESN

The New England Sports Network, or NESN, is a regional cable television
Cable television
Cable television is a system of providing television programs to consumers via radio frequency signals transmitted to televisions through coaxial cables or digital light pulses through fixed optical fibers located on the subscriber's property, much like the over-the-air method used in traditional...

 network that covers the six New England
New England
New England is a region in the northeastern corner of the United States consisting of the six states of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut...

 states except Fairfield County, Connecticut
Fairfield County, Connecticut
Fairfield County is a county located in the southwestern corner of the U.S. state of Connecticut. The county population is 916,829 according to the 2010 Census. There are currently 1,465 people per square mile in the county. It is the most populous county in the State of Connecticut and contains...

 and Southbury, Connecticut
Southbury, Connecticut
Southbury is a town located in western New Haven County, Connecticut, USA. Southbury is located north of Oxford and Newtown; it also is east of Brookfield. Southbury's population was 18,567 at the 2000 census....

, a town in New Haven County, Connecticut
New Haven County, Connecticut
New Haven County is a county located in the south central part of the U.S. state of Connecticut. As of the 2010 Census, the county population is 862,477 making it the third most populated county in Connecticut. There are 1,340 people per square mile...

 which is covered by New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...

 sports networks. Fenway Sports Group
Fenway Sports Group
Fenway Sports Management is a company headquartered in Boston, Massachusetts established by Fenway Sports Group 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...

 is the majority owner (80%) of NESN, with the Boston Bruins
Boston Bruins
The Boston Bruins are a professional ice hockey team based in Boston, Massachusetts, USA. They are members of the Northeast Division of the Eastern Conference of the National Hockey League . The team has been in existence since 1924, and is the league's third-oldest team and its oldest in the...

 owning 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
The Boston Globe
The Boston Globe is an American daily newspaper based in Boston, Massachusetts. The Boston Globe has been owned by The New York Times Company since 1993...

, as that paper is also owned by the New York Times.

Roush Fenway Racing

Roush Fenway Racing (formerly Roush Racing) is a racing team competing in NASCAR
NASCAR
The National Association for Stock Car Auto Racing is a family-owned and -operated business venture that sanctions and governs multiple auto racing sports events. It was founded by Bill France Sr. in 1947–48. As of 2009, the CEO for the company is Brian France, grandson of the late Bill France Sr...

 racing. As one of NASCAR's largest premier racing teams, Roush runs teams in the Sprint and Nationwide Series, and formerly in the Camping World Truck Series and ARCA RE/MAX Series
ARCA RE/MAX Series
-History:The series started as a local touring group. Led by John Marcum, the Midwest Association for Race Cars was formed with drivers like Iggy Katona and Nelson Stacy being early drivers.The series became a part of the Daytona Speedweeks in 1964...

.

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
Jack Roush
Jack Roush is the founder, CEO, and co-owner along with John Henry of Roush Fenway Racing, a NASCAR team headquartered in Concord, North Carolina, and is Chairman of the Board of Roush Enterprises....

's successful automotive engineering and road-racing equipment business based in Livonia, Michigan
Livonia, Michigan
Livonia is a city in the northwest part of Wayne County in the U.S. state of Michigan. Livonia is a very large suburb with an array of traditional neighborhoods connected to the metropolitan area by freeways. The population was 96,942 at the 2010 census, making it Michigan's 9th largest...

.

On February 14, 2007, the Fenway Sports Group
Fenway Sports Group
Fenway Sports Management is a company headquartered in Boston, Massachusetts established by Fenway Sports Group 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...

, owner of the Boston Red Sox
Boston Red Sox
The Boston Red Sox are a professional baseball team based in Boston, Massachusetts, and a member of 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"...

 baseball team, 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 has entered into an exclusive sponsorship sales agreement with Boston College's major intercollegiate sports in 2004 and as of 2009 counted BC, Major League Baseball, the Red Sox, the Deutsche Bank PGA golf championship, and Professional Bull Riders among its client base.

Liverpool F.C.

On the 6 October 2010 FSG agreed to buy English Premier League football club Liverpool F.C.
Liverpool F.C.
Liverpool Football Club is an English Premier League football club based in Liverpool, Merseyside. Liverpool has won eighteen League titles, second most in English football, seven FA Cups and a record seven League Cups...

 from owners George N. Gillett, Jr. and Tom Hicks
Tom Hicks
Thomas Ollis Hicks, Sr. , is an American 'leveraged buyout' businessman living in Dallas, Texas. Despite Forbes Magazine estimating Hicks' wealth at USD 1 billion in 2009, Hicks was unable to pay off joint loans of circa £200 million the following year...

, 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"

On 15 October FSG completed the purchase of the club after several court hearings. However, previous owners Gillett and Hicks argued the purchase is illegal and vowed to take court action for damages worth £1 billion. However, according to reports on October 17th, Gillett and Hicks appear to have decided not to pursue the claim. FSG visited Liverpool's home ground Anfield
Anfield
Anfield is an association football stadium in the district of Anfield, Liverpool, England, with a seating capacity of 45,522. It has been the home of Liverpool F.C. since their formation in 1892 and was originally the home of Everton F.C. from 1884 to 1892, before they moved to Goodison Park...

 and training ground Melwood
Melwood
Melwood, in West Derby, Liverpool, is home to Liverpool FC's training ground. It is not attached to The Academy, which is in Kirkby.It is based in the West Derby area of Liverpool and has been their home since the fifties. The ground previously belonged to St Francis Xavier, a local school...

 following their successful takeover .

Anfield

Anfield is an association football stadium
Stadium
A modern stadium is a place or venue for outdoor sports, concerts, or other events and consists of a field or stage either partly or completely surrounded by a structure designed to allow spectators to stand or sit and view the event.)Pausanias noted that for about half a century the only event...

 in the district of Anfield
Anfield, Liverpool
Anfield is a district of Liverpool, Merseyside, England and a Liverpool City Council Ward.-Toponymy:Originally common pasture land, the area had the name of Hanging-fields or Hangfield - the name originating from the deeply sloping nature of the terrain. The name was also frequently written as...

, in Liverpool
Liverpool
Liverpool is a city and metropolitan borough of Merseyside, England, along the eastern side of the Mersey Estuary. It was founded as a borough in 1207 and was granted city status in 1880...

, England. Built in 1884, the stadium has been home to Liverpool F.C.
Liverpool F.C.
Liverpool Football Club is an English Premier League football club based in Liverpool, Merseyside. Liverpool has won eighteen League titles, second most in English football, seven FA Cups and a record seven League Cups...

 since it was formed in 1892 as a result of the original tenants Everton F.C.
Everton F.C.
Everton Football Club are an English professional association football club from the city of Liverpool. The club competes in the Premier League, the highest level of English football...

 leaving the ground. FSG purchased Anfield along with Liverpool F.C. in October 2010.

Shareholders

  • The New York Times Company
    The New York Times Company
    The New York Times Company is an American media company best known as the publisher of its namesake, The New York Times. Arthur Ochs Sulzberger, Jr. has served as Chairman of the Board since 1997. It is headquartered in Midtown Manhattan, New York City....

    : (7%, was 16% in 2010; sold 50 shares in 2010 and 390 shares in 2011, now holds 310 shares)

Partners

  • John W. Henry
    John W. Henry
    John William Henry II is a futures and foreign exchange trading advisor who founded John W. Henry & Company . He is the principal owner of the Boston Red Sox and Liverpool F.C., and co-owner of Roush Fenway Racing. In March 2006, Boston Magazine estimated his net worth at $1.1 billion, but noted...

     - Principal Owner
  • Thomas C. Werner
    Tom Werner
    Thomas Charles "Tom" Werner is an American television producer and businessman who, via his investment in New England Sports Ventures, is chairman of the Boston Red Sox and Liverpool Football Club....

     - Chairman
  • Theodore Alfond
  • William Alfond
  • Thomas R. DiBenedetto
    Thomas R. DiBenedetto
    Thomas Richard DiBenedetto, is an U.S. entrepreneur and, since September 27, 2011, the president of the Italian football club A.S. Roma, the 22nd of the club's history....

  • Michael Egan
  • David Ginsberg - Vice Chairman
  • Michael Gordon
    Michael Gordon
    Michael Gordon may refer to:*Michael Gordon , American film director*Michael Gordon , British film editor*Michael J. C...

  • John A. Kaneb
    John A. Kaneb
    John A. Kaneb is the Chairman of the Board of Directors and CEO of HP Hood LLC as well as the president of the Catamount Companies.-Career:Kaneb bought a controlling interest in Gulf Oil and tripled its sales to US$4.6 billion before selling it in 2005. The Kaneb family acquired HP Hood LLC in 1995...

  • LeBron James
    LeBron James
    LeBron Raymone James is an American professional basketball player for the Miami Heat of the National Basketball Association . Nicknamed "King James", he was a three-time "Mr. Basketball" of Ohio in high school, and was highly promoted in the national media as a future NBA superstar while a...


  • Seth Klarman
    Seth Klarman
    Seth Klarman is the founder and president of the Baupost Group, a Boston-based private investment partnership, and the author of a book on value investing.-Career:...

  • Larry Lucchino
    Larry Lucchino
    Lawrence Lucchino, is the current President and CEO of the Boston Red Sox, and a member of John W...

     - President, CEO
  • Henry F. McCance
  • Phillip H. Morse - Vice Chairman
  • The New York Times Company
    The New York Times Company
    The New York Times Company is an American media company best known as the publisher of its namesake, The New York Times. Arthur Ochs Sulzberger, Jr. has served as Chairman of the Board since 1997. It is headquartered in Midtown Manhattan, New York City....

  • Art Nicholas
  • Frank Resnek
  • Martin Trust
  • Jeffrey Vinik
    Jeffrey Vinik
    Jeffrey N. Vinik is the current owner of the Tampa Bay Lightning and the Tampa Bay Storm , as well as a minority owner of the Boston Red Sox...



External links

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