The Boston Red Sox are not for sale.
Team chairman Tom Werner has declared that Red Sox owner Fenway Sports Group has no plans to sell the team — the third-most-valuable MLB franchise at $3.9 billion, per Forbes.
“People should know that not only are our brains into trying to fix the last-place finish, but our heart is with our fans,” said Werner. “We have a desire to win many more World Series here.”
- Werner and co-owner John Henry purchased the Red Sox for $380 million in 2002.
- The franchise generated $479 million in revenue in 2022, up from $152 million in 2021.
- FSG also owns Liverpool and the Pittsburgh Penguins.
The ownership’s commitment to the Red Sox comes after the club agreed to one of the most expensive contracts in MLB history. On Jan. 4, Red Sox third baseman Rafael Devers agreed to a 10-year, $313.5 million extension that will begin in 2024 — he’ll earn $17.5 million in 2023.
Valuable Portfolio
In November 2021, FSG agreed to purchase a controlling stake in the Penguins for $900 million. As part of the deal, previous owners Ron Burkle and Mario Lemieux retained minority stakes in the team. Burkle and Lemieux purchased the Penguins in 1999 for $107 million.
FSG put Liverpool up for sale in November 2022 but has yet to receive a “compelling offer” at its $4.45 billion valuation — which makes it the fourth-most-valuable soccer team in the world.
The sports investment company bought Liverpool in 2010 for $353.4 million.
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