Fenway Sports Group Owner Considering Putting Shares on Stock Market
Published on October 10th, 2020
Henry, who is also the owner of the Boston Red Sox, is reportedly in talks to list his sports holdings in a merger with a blank-cheque company that comes forward with the listing. There are reports that Henry is looking to take his Fenway Sports Group to the public market once some of the stakes are sold to groups like RedBall Acquisition Corp.
Some are speculating that this move is motivated by the COVID-19 pandemic, which has seen a massive drop in sports profits all across the globe. Opening it up to the public might be seen as the only quick way to offset such losses. Whereas most clubs and sport franchises in the United States are not open to public shares, European clubs like Manchester United and Juventus are.
It will be interesting to see how this saga plays out, since Henry has overseen one of the more successful periods in Liverpool's modern history. As many Manchester United fans will say (who have had to suffer through the Glazers for so long), having the correct ownership can make the difference between a successful club or one that sinks into mediocrity.