Bloomberg Law
March 31, 2021, 7:20 PM

Red Sox Owners Receive Investment From RedBird, LeBron James

Rob Golum
Rob Golum
Bloomberg News

Boston Red Sox owner Fenway Sports Group received an investment from RedBird Capital Partners and said a group including Los Angeles Lakers star LeBron James will become shareholders as well.

Terms of the RedBird deal weren’t given, but Fenway Sports Group said Wednesday that the transaction gave the company an enterprise value of $7.35 billion. Led by billionaire John Henry, Fenway Sports also owns the Liverpool Football Club, Fenway Park and a 50% stake in Nascar’s Roush Fensy Racing, among other assets.

The company will look for growth opportunities in complementary lines of business, including teams, venues and media. ...