Company Overview of Fenway Sports Group

John Henry, owner of Boston Red Sox Baseball Club LP, denied a report stating that he was planning to sell the company. The Fox Business Network reported that John Henry and his partners were looking for potential buyers. The news report stated that Fenway Sports Group did not have the financial resources to operate the Red Sox and New England Sports Network, Inc. and as a result, would sell Red Sox. John Henry said, “A sale of any kind is so far from our thinking it hasn't even come up apart from technical planning issues involving death or disability. This report is completely without foundation.” He addede, “Regarding unnamed sources: Any sale discussions that may have taken place were missing three key people -- Larry, Tom, and me. The Sox and any of the other components of FSG are not for sale and will not be for the foreseeable future.” Tom Werner, Chairman of Red Sox, said, “There's not a scintilla of truth to it. We're not selling the team. I don't know what else I can say.” Several Red Sox executives, including Chief Operating Officer, Sam Kennedy, denied the idea that there have been discussions about a sale. Sam Kennedy stated, “John, Tom, and Larry aren't going anywhere.”

Fenway Sports Group is in talks to sell Boston Red Sox Baseball Club LP, according to people with direct knowledge of the matter. There is no final decision about a potential sale, and the talks appear to be in the early stages, executives at Fenway Sports are debating whether they have the financial resources to run both teams, according to people with direct knowledge of the matter. A spokesperson for Red Sox said of the potential sale that “there is no truth to that rumor.” The price of for any potential sale would be $1.3 billion, according to people who have spoke with Red Sox management. Fenway also owns 80% of New England Sports Network, Inc., if it is included in a full auction of the Red Sox, the transaction value could be $1.5 billion to $1.6 billion, said one person intimately involved in financing sports deals. "The Red Sox are one of the premier franchises in all of sports. I don’t think it would be very hard to sell the team. You would have many, many bidders," the source added.

Fenway Sports Group announced that Joe Hockenjos has joined the organization as Senior Vice President, Sales. Hockenjos will be responsible for selling integrated sponsorship and marketing partnerships across FSM/Fenway Sports Group's portfolio of properties with a focus on the Boston Red Sox, Liverpool Football Club, New England Sports Network (NESN), Roush Fenway Racing and LeBron James/LRMR Marketing & Branding. Hockenjos will report to FSM Executive Vice President, Sales Frank Huckabone. Prior to joining FSM, Hockenjos led the Business Development and Sports Sales divisions for NCC Media. He was responsible for generating new revenue through property acquisition and incremental sales.