FSG meaning in Sports ?

Answer:

What is Fenway Sports Group mean?

Fenway Sports Group Holdings, LLC (FSG), is the ultimate parent company of Major League Baseball's Boston Red Sox and Liverpool F.C., a Premier League Football team.

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 and Liverpool F.C., the Boston-based limited liability company also owns the home stadiums for both teams (Fenway Park and Anfield) and Fenway Sports Management (which in turn owns the Salem Red Sox a Low-A East minor league baseball franchise), plus 80% of the New England Sports Network (NESN) and 50% of Roush Fenway Racing, with cars entered (as of the 2021 season) in the NASCAR Cup Series racing competition.

In an April 2014 article in Forbes, senior editor Kurt Badenhausen called FSG "the most sophisticated, synergistic player in the coming age of international sports conglomerates". In 2021, FSG was embroiled in a controversy over its attempts, together with the ownership groups of eleven 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 fifteen total 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.

reference

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