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Fenway Sports Group

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New England Sports Ventures LLC
Company typeLimited liability company
IndustrySports investment
Founded2001
FounderJohn W. Henry
Thomas C. Werner
Headquarters,
Key people
John W. Henry
Tom Werner (Chairman)
David Ginsberg (Vice Chairman)
Philip H. Morse (Vice Chairman)
SubsidiariesBoston Red Sox
Fenway Park
Fenway Sports Group
Liverpool F.C.

New England Sports Ventures (NESV) is an American sports investment company. It is the parent company of Major League Baseball's Boston Red Sox and Premier League football club Liverpool F.C..

NESV was founded in 2001 when John W. Henry joined forces with Tom Werner, Les Otten, The New York Times Company (which owns 16.58 percent[1]) and other investors to successfully bid for the Red Sox.

The Boston-based limited liability company also owns Fenway Park and the Fenway Sports Group (which in turn owns the Salem Red Sox of the Class A Carolina League, a minor league baseball franchise), plus 80 percent of the New England Sports Network and 50 percent of Roush Fenway Racing, a NASCAR team.

Investments

Liverpool FC

On the 6 October 2010 NESV agreed to purchase the Premier League football club – Liverpool Football Club from owners George N. Gillett, Jr. and Tom Hicks after the board voted 3-2 to oust them from the club.[2]

On 15 October NESV completed the purchase of the club after several court hearings. However, previous owners Tom Hicks and George N. Gillett, Jr. argued the purchase is illegal and vowed to take court action for damages worth £1 billion. However, according to reports on October 17th, Hicks & Gillett appear to have decided not to pursue the claim. NESV visited Liverpool's home ground Anfield and training ground Melwood following their successful takeover .[3]

Partners

  • John W. Henry - Principal Owner
  • Thomas C. Werner - Chairman
  • Thomas R. DiBenedetto
  • Michael Egan
  • David Ginsberg
  • Michael Gordon
  • John A. Kaneb
  • Seth Klarman
  • Larry Lucchino
  • Henry F. McCance
  • Phillip H. Morse
  • The New York Times Company
  • Art Nicholas
  • Frank Resnek
  • Martin Trust
  • Jeffrey Vinik

References

  1. ^ New York Times, April 2, 2010
  2. ^ "Liverpool board agree sale of club". BBC Sport. October 6 2010. {{cite web}}: Check date values in: |date= (help) s
  3. ^ http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/9094283.stm
  • Boston Red Sox 2010 Media Guide, page 9