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- Fenway Sports Group
Fenway Sports Group Valuation, Funding & Investors
Fenway Sports Group is valued at $7.3B as of March 2021.
Last Fenway Sports Group valuation
$7.3B
Undisclosed stage · Mar 2021
Last Fenway Sports Group funding round
$735M
Undisclosed stage · Mar 2021
Cumulative funding Fenway Sports Group raised
$735M
across 1 funding round
Key investors in Fenway Sports Group
RedBird Capital Partners
Paul Wachter
Maverick Carter
LeBron James
Sam Kennedy
About Fenway Sports Group
Fenway Sports Group is a Boston-headquartered global sports and entertainment platform owning the Boston Red Sox MLB team, Liverpool FC in the Premier League, and Pittsburgh Penguins in the NHL. The group manages NASCAR's RFK Racing and operates Fenway Park events. Founded in 2001 by John W. Henry, FSG oversees media rights, sponsorships, and real estate developments across North America and Europe.
Founded
2001
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Advertising, Product sales
Valuation
$7.3B (Mar 2021)
Fenway Sports Group Valuation
Fenway Sports Group is currently valued at $7.3B, based on its undisclosed-stage round in March 2021.
The $735M round was led by RedBird Capital Partners, with participation from Sam Kennedy, Maverick Carter, LeBron James and Paul Wachter.
Fenway Sports Group valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2021 | Undisclosed stage | $7.3B |
Fenway Sports Group Funding History
Fenway Sports Group has raised a total of $735M across 1 funding round.
Fenway Sports Group funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2021 | Undisclosed stage | RedBird Capital Partners (lead); Sam Kennedy; Maverick Carter; LeBron James; Paul Wachter | $735M | $7.3B | Fenway Sports Group (FSG), owner of the Boston Red Sox, Liverpool Football Club, a 50% stake in NASCAR’s Roush Fenway Racing, 80% of NESN, Fenway Sports Management, and Fenway Sports Group Real Estate, announced a significant investment from RedBird Capital Partners on March 31, 2021. The deal, unanimously approved by FSG partners on March 16, 2021, valued FSG at an enterprise valuation of $7.35 billion. Approximately $750 million was invested by RedBird. As part of the transaction, LeBron James, Maverick Carter, and Paul Wachter exchanged their prior interest in Liverpool Football Club to join FSG’s ownership group alongside RedBird. The investment supports an ongoing strategic alliance focused on growth opportunities, including new businesses, strategic acquisitions in sports teams, venues, media, and related areas. Bank of America advised FSG, and Goldman Sachs advised RedBird. This partnership enhances FSG's platform for organic growth and expansion, building on RedBird's model of developing high-growth companies with long-term capital. |
Who has invested in Fenway Sports Group?
5 investors have backed Fenway Sports Group across its funding rounds, including RedBird Capital Partners, Paul Wachter, Maverick Carter, LeBron James and Sam Kennedy.
Lead investors include RedBird Capital Partners.
Fenway Sports Group Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
This data is available for Pro users. Sign up to see all 5 Fenway Sports Group investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Fenway Sports Group
Fenway Sports Group has acquired 1 company to date.
Last acquisition by Fenway Sports Group was on December 9th 2021. Fenway Sports Group acquired Pittsburgh Penguins for $900M.
Latest Acquisitions by Fenway Sports Group
| Description | - |
| HQ Country | |
| HQ City | - |
| Deal Date | 9 Dec 2021 |
| Valuation | $900M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Fenway Sports Group acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by Fenway Sports Group
Fenway Sports Group has invested in 1 company to date.
Latest investment by Fenway Sports Group was on April 20th 2023. Fenway Sports Group invested in Hana Kuma in their $5M Series A round.
Latest Investments by Fenway Sports Group
| Description | Hana Kuma is a production studio creating branded content and documentaries highlighting diverse cultures through authentic storytelling. Los Angeles-based, it produces series for Netflix and brands like Google, focusing on Asian and Pacific Islander narratives. |
| HQ Country | |
| HQ City | Los Angeles, CA |
| Deal Date | 20 Apr 2023 |
| Round | Series A |
| Raised | $5M |
| Investors | Disruptive; Kinoshita Group; The SpringHill Company; Epic Games |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Fenway Sports Group investments and their VC round multiples. Start Free Trial | |
Fenway Sports Group Competitors
Fenway Sports Group competitors include listed companies like Crisp Momentum and MSG Sports, and private ones like Suning Sports, KingMakers, Monumental Sports & Entertainment and Dapper Labs.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2.6B | - | ||
| Private | - | - | $969M | - | ||
| Publicly listed | $0K | ($8M) | $44M | - | ||
| Private | - | - | $7.2B | - | ||
| Private | - | - | $7.6B | - | ||
| Publicly listed | $1.2B | $39M | $9.5B | 9.2x |
Fenway Sports Group Public Comps
Fenway Sports Group is still privately-owned, but its public comps include MSG Sports, Manchester United, Atlanta Braves Holdings, DeNA, MNC Digital Entertainment, Juventus FC, TKO, Better Collective, Ollamani and HUYA.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.2B | $39M | 9.1x | 9.2x | 267.1x | 402.4x | |||
| $895M | $302M | 4.9x | 4.8x | 14.4x | 14.5x | |||
| $732M | $98M | 5.6x | 5.3x | 42.0x | 62.0x | |||
| $950M | $177M | 1.1x | 1.1x | 5.8x | 6.5x | |||
| $216M | $73M | 4.7x | - | 14.0x | - | |||
| $602M | $125M | 2.1x | 2.2x | 10.1x | 10.3x | |||
| $4.7B | $1.3B | 4.9x | 4.2x | 17.5x | 11.1x | |||
| $388M | $100M | 2.5x | 2.4x | 9.8x | 7.7x | |||
This data is available for Pro users. Sign up to see all Fenway Sports Group competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Fenway Sports Group
| When was Fenway Sports Group founded? | Fenway Sports Group was founded in 2001. |
| Where is Fenway Sports Group headquartered? | Fenway Sports Group is headquartered in Boston, MA, United States. |
| Is Fenway Sports Group publicly listed? | No, Fenway Sports Group is a private, VC-backed company. |
| What is Fenway Sports Group's valuation? | Fenway Sports Group was last valued at $7.3B in its undisclosed-stage round in March 2021. |
| How much funding has Fenway Sports Group raised? | Fenway Sports Group has raised $735M across 1 funding round. |
| What was Fenway Sports Group's last funding round? | Fenway Sports Group's last funding round was a $735M undisclosed-stage round in March 2021, led by RedBird Capital Partners. |
| Who are Fenway Sports Group's investors? | Fenway Sports Group's investors include Sam Kennedy, Maverick Carter, LeBron James, RedBird Capital Partners and Paul Wachter. |
| Which companies are comparable to Fenway Sports Group? | Companies comparable to Fenway Sports Group include Suning Sports, KingMakers, Crisp Momentum, Monumental Sports & Entertainment, Dapper Labs and MSG Sports. |
| How many companies has Fenway Sports Group acquired? | Fenway Sports Group has acquired 1 company, including Pittsburgh Penguins. |
| What was the largest acquisition by Fenway Sports Group? | The $900M acquisition of Pittsburgh Penguins in December 2021 is the largest acquisition Fenway Sports Group has made to date. |
| How many companies has Fenway Sports Group invested in? | Fenway Sports Group has invested in 1 company, including Hana Kuma. |
| What was Fenway Sports Group's last investment? | In April 2023, Fenway Sports Group invested in Hana Kuma's $5M Series A alongside Disruptive, Kinoshita Group, The SpringHill Company and 1 other investor. |
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