The FSG chief has responded to rumors that Liverpool’s owners are “seriously considering” a record bid.

The FSG chief has responded to rumors that Liverpool’s owners are “seriously considering” a record bid. FSG has maintained a remarkable portfolio that has encompassed Liverpool for the past 14 years and has been in control of the Boston Red Sox, another iconic sports team, since 2002. The Pittsburgh Penguin was acquired by John Henry & Co. for a reported $900 million in December 2021. Additionally, the company has a 50% stake in NASCAR’s RFK Racing and led a consortium known as the Strategic Sports Group to invest up to $3 billion in the PGA Tour earlier this year.It is anticipated that the NBA will increase its franchise count from 30 to 32 in the future years, with Vegas being the frontrunner. In December 2023, Gerry Cardinale, the founder and managing partner of RedBird Capital, which holds an 11 percent stake in FSG, disclosed that discussions with James have been conducted. Cardinale disclosed at the Intercollegiate Athletics Forum of the Sports Business Journal, “We are contemplating the possibility of establishing an NBA expansion team in conjunction with LeBron James and the Fenway Sports Group.” Cardinale continued, “We initiated this initiative three years ago.” Three years ago, there was speculation regarding the acquisition of an NBA team for a sum of US$3 billion. Today, the reported price range for an NBA expansion team is $5.5 billion to $6 billion. I am uncertain as to whether I can accomplish that. It is possible that we are approaching the inflexion point, which could indicate that a different form of capital is required to facilitate a continuous linear progression in these valuations.

“It is possible that I have evolved beyond the point of existence, and I am now passing the baton to a sovereign wealth fund or a lower-cost-of-capital provider.” It is possible that we have already attained that point. However, shortly after the Celtics were placed on the market for sale by majority owner Wyc Grousbeck in July, FSG was mentioned. The NBA champions, who have now achieved a record 18th championship, are situated in the heartland of FSG. The New York Post reported that the company is “seriously considering” a bid.This would make the Celtics the most expensive NBA team in history and the second most valuable sports team, following the NFL’s Washington Commanders, which were acquired for a reported $6.05 billion in August 2023. A price estimate of $6 billion has been proposed for the Celtics. Kennedy, who concurrently serves as the president of the Red Sox and was appointed as the chief executive of FSG in March of last year, was inquired as to whether or not he would be interested in such a position. Kennedy responded, as reported by MassLive, “I do not believe it is appropriate to discuss the Celtics today, except to extend my congratulations on an additional world championship.”However, that is not currently on our radar.