John Henry Poised For Largest Acquisition In Liverpool History!
John Henry, the founder of Fenway Sports Group (FSG), might have discovered his next investment opportunity with the Boston Celtics up for grabs.
After more than thirty years of wanting to buy an NBA team, Henry now controls a portfolio of sports teams, including the football team Liverpool FC. This is his ideal chance to fulfil his dream of owning an NBA team.
Henry has a significant financial stake in the Boston region; in 2002, his organization, FSG (previously known as New England Sports Ventures), bought the Boston Red Sox, an MLB team.
Recent Top Acquisitions By John Henry
After acquiring The Boston Globe newspaper in 2013, FSG now has the chance to control the Boston Celtics, the other major franchise in the city.
The Celtics stated on Monday that the team’s majority ownership group intended to sell all of the team’s shares in an effort to find new owners by the beginning of 2025.
For many years, Henry had a strong desire to buy a basketball team, and in the 1990s, he started talks with the Orlando Magic, Miami Heat, and New Jersey Nets.
This might be the finest opportunity for him and FSG to buy an existing team, but there is still a lot of conjecture that the main goal could be to develop an expansion franchise.
Henry and Tom Werner established New England Sports Ventures (NESV) in 2001; however, when the organization expanded outside of the Boston Area, it was subsequently renamed to FSG.
Henry had briefly considered owning a big league baseball franchise as well as an NBA team while he was a lone businessman, but when he founded FSG, he had a fresh start.
The initial purchase was the Red Sox, and in October 2010, Henry made a big move and assumed ownership of Liverpool, a soccer team in the Premier League.
The NHL team Pittsburgh Penguins was the most recent significant acquisition made by FSG, which bought a majority ownership in the team in December 2021. Three years later, the company acquired The Globe.
Even though FSG wanted to keep growing, they sold a portion of Liverpool while keeping control in order to pay off debt.
The proceeds from the transaction, which ranged from $100 million to $200 million, were used to settle overdue fees owed by FSG rather than being reinvested.
Though it was regarded as a prudent business move, it also suggested that a new, more substantial investment would be forthcoming.
The Wealth Of Henry: A Deep Dive
According to Forbes, John Henry is worth $4 billion, and he has been trying to make a name for himself in the NBA.
LeBron James, one of the all-time greats in NBA history, is an investor on the FSG board and has represented Liverpool ever since becoming a member of the ownership group.
However, LeBron was supposed to support FSG in their NBA negotiations in the long run. Henry has a bad history of starting conversations with teams that are currently in play, but if a formal approach is made, his affiliation with Boston may facilitate talks with the Celtics.
The Celtics are worth $4.7 billion, according to Forbes, and they recently won their 18th NBA championship. Given its existing ties to the area, the property makes perfect sense for Henry and FSG, but there might already be a project underway.
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