Michael Edwards, former Liverpool executive, has been appointed as the CEO of football for Fenway Sports Group, the owner of Liverpool. Edwards will oversee the club's football operations and lead the restructuring following manager Jurgen Klopp's departure. His appointment comes after turning down initial offers, and he will also help identify and manage a second club for FSG. Edwards played a major role in assembling Liverpool's successful teams and is seen as integral to the club's future success.
Theo Epstein has returned to the Red Sox as a senior advisor to Fenway Sports Group and part-owner of the team, with the move reflecting the ownership's acknowledgment of not giving the club enough attention in recent years. Epstein's role will involve re-instituting successful processes and communication lines from his previous tenure as general manager, and he will also advise on strategic growth and investment initiatives for FSG's various properties, including Liverpool FC and the Pittsburgh Penguins. While Epstein will work from his Connecticut home and not be involved in day-to-day operations, his close relationships with key figures in the organization are expected to provide valuable input and potentially push for impactful moves in the future.
Former Red Sox GM Theo Epstein is leaving MLB to join Fenway Sports Group as a part owner and senior advisor, reuniting with the team he helped lead to two World Series titles. Epstein expressed excitement about the "unique opportunity" to partner with familiar faces and contribute his experience to help the organization succeed across various sports franchises. He will also maintain a role as an operating partner for sports private equity platform Arctos Partners.
Theo Epstein, former Red Sox general manager and architect of the Cubs' 2016 World Series win, has joined Fenway Sports Group as a senior advisor, marking a homecoming for him. While he will continue his role as a consultant for MLB, Epstein will advise FSG's owners on sporting operations and strategic growth initiatives across their diverse sports enterprises, including the Red Sox, Liverpool FC, and the Pittsburgh Penguins. Despite not being involved in personnel decisions, his return signals an interesting development amid the Red Sox's quiet offseason and speculation about the team's ownership.
Theo Epstein, former Red Sox general manager, is returning to Fenway Sports Group as a part owner and senior advisor, working across the organization's sports initiatives including the Red Sox, Liverpool FC, Pittsburgh Penguins, and the PGA Tour. Epstein will also continue as an operating partner at Arctos Partners. His role will involve advising on people issues, investment matters, league issues, and new opportunities, while also serving as a sounding board and executive coach for the Red Sox baseball operations team.
The PGA Tour has secured a minimum of $1.5 billion from a group of U.S. investors, led by the Fenway Sports Group, raising doubts about the proposed partnership with Saudi Arabia's LIV Golf. The influx of funds, potentially reaching $3 billion, comes as the PGA Tour continues negotiations with LIV Golf, which had previously attracted prominent players. The tour's commissioner stated that they remain in active discussions with the Saudi wealth fund, while the fund has indicated its intent to compete through LIV Golf if no alliance is reached.
Fenway Sports Group, along with a coalition of U.S. sports investors called Strategic Sports Group, is in the final stages of negotiations to become co-investors in a potential deal between the PGA Tour and Saudi Arabia's Public Investment Fund (PIF). The consortium, which includes investors such as Wyc Grousbeck, Tom Ricketts, and Steve Cohen, has been selected after a thorough review of other offers. The PGA Tour aims to continue negotiations with the PIF in the coming weeks, as time is running out to finalize the deal by December 31. The deal has faced resistance from PGA Tour players and scrutiny from lawmakers concerned about Saudi Arabia's intentions.
Liverpool owner Fenway Sports Group has sold a minority stake in the club to American sports investment firm Dynasty Equity for between $100 million and $200 million. The funds will be used to reduce bank debt and finance projects such as the redevelopment of the Anfield Road Stand and the repurchasing of the Melwood training ground for the club's women's team. This move is not expected to significantly increase the transfer budget for manager Jurgen Klopp, and FSG maintains that it is not a step towards selling the club. Dynasty Equity, co-founded by Jonathan M. Nelson and K. Don Cornwell, sees this partnership as an opportunity to support Liverpool's growth opportunities.
Fenway Sports Group has invested in a team, "TGL Boston," for Tiger Woods and Rory McIlroy's TGL Golf League, which will take place indoors each Monday night in primetime starting in January and run for 15 weeks. The championship will take place in April. The TGL Boston team will represent the New England region and feature world-class PGA Tour players. The group owns the Red Sox and Fenway Park, as well as Liverpool FC and the Pittsburgh Penguins.
Fenway Sports Group, the parent company of the Boston Red Sox, has joined a virtual golf league backed by Tiger Woods. The league, called the Players Series, features professional golfers competing in virtual tournaments using the video game "PGA Tour 2K21". The move marks Fenway Sports Group's first foray into esports and gaming.
The Pittsburgh Penguins' new president of hockey operations, Kyle Dubas, is a star and a genius, according to established people in the hockey world. Dubas was hired by the Penguins' ownership group, Fenway Sports Group, which has made its mark on the team after a rocky start to their ownership. Dubas' hire has brought hope to the Penguins and made them feel more relevant.
Kyle Dubas was named President of Hockey Operations for the Pittsburgh Penguins after a thorough search process by the team. Dubas had spent the previous nine seasons with the Toronto Maple Leafs, including the last five as general manager. After his contract expired, he was contacted by Fenway Sports Group, who had received permission from the Maple Leafs to speak with him. Dubas met with Fenway Sports Group leadership and had conversations with Penguins head coach Mike Sullivan and captain Sidney Crosby before ultimately accepting the role.
David Beeston, co-head of Fenway Sports management and Alternate Governor for NHL functions, spoke about the vision of the Pittsburgh Penguins' ownership following the firings of Brian Burke and Ron Hextall. The team will conduct a "robust" search for new leadership and may re-invest in hockey analytics. Beeston affirmed the Penguins' commitment to winning and the importance of Sidney Crosby. He also hinted at Mike Sullivan's return as coach and expressed hopes for Mario Lemieux's increased involvement with the team.
The Pittsburgh Penguins have fired president of hockey operations Brian Burke, general manager Ron Hextall, and assistant general manager Chris Pryor after the team missed the playoffs for the first time in 17 seasons. The franchise is now looking to fill those positions and get back into the postseason in short order.
The Pittsburgh Penguins have fired general manager Ron Hextall, President of Hockey Operations Brian Burke, and assistant general manager Chris Pryor less than 24 hours after the team missed the playoffs for the first time in 17 years. Fenway Sports Group, the Pens' owners, said that the team will benefit from new hockey operations leadership and that the search for new leadership will begin immediately. The managerial duties of hockey operations will be shared among the current director of hockey operations, Wilkes-Barre/Scranton general manager/manager of hockey operations, and hockey operations analyst during the transition. Head coach Mike Sullivan will also assist during the transition.
