Nesv

Nesv

Fenway Sports Group Holdings, LLC (FSG), is an American multinational sports holding conglomerate who own NASCAR's RFK Racing, Major League Baseball's Boston Red Sox, the Premier League’s Liverpool F.C., the National Hockey League's Pittsburgh Penguins and a yet-to-be-named Boston team in the TMRW Golf League. FSG was founded in 2001 as New England Sports Ventures (NESV) when John W. Henry joined forces with Tom Werner, Les Otten, The New York Times Company, 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, Liverpool F.C., and Penguins, the Boston-based limited liability company also owns the home stadiums for both the Red Sox (Fenway Park) and Liverpool F.C. (Anfield) as well as Fenway Sports Management (which in turn owns the Salem Red Sox, a Single-A minor league baseball franchise), and 80% of the New England Sports Network (NESN). FSG has been praised for its successful emergence as a sophisticated international sports conglomerate. There has also been criticism. In 2019, FSG was criticized for an attempt by Liverpool F.C. to trademark Liverpool, which was turned down because of the "geographical significance" of the name. In 2021, FSG was embroiled in a controversy over its attempts, together with the ownership groups of 11 other football clubs, to create a European Super League. In doing so, FSG sought to emulate elements of the North American sports model, creating a competition with strictly limited entry beyond a proposed 15 founding member clubs and appearing to largely eliminate the European system of meritocratic promotion and relegation. Principal owner John W. Henry later issued an apology in which he took sole responsibility for the club's involvement in the venture, which subsequently collapsed.

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