RedBird Capital Partners Makes Significant Investment in Fenway Sports Group; LeBron James, Maverick Carter and Paul Wachter Join Ownership
March 31, 2021
RedBird Capital Partners has made a significant minority investment in Fenway Sports Group (FSG) at an enterprise valuation of $7.35 billion to support accelerated growth and strategic acquisitions across FSG’s sports, media and real estate platform. As part of the transaction, LeBron James, Maverick Carter and Paul Wachter exchange a previously held interest in Liverpool FC to join FSG’s ownership group; Sam Kennedy also converts long-term incentive interests into equity.
- Buyers
- RedBird Capital Partners, LeBron James, Maverick Carter, Paul Wachter
- Targets
- Fenway Sports Group
- Industry
- Media & Entertainment
- Location
- Massachusetts, United States
- Transaction Type
- Growth capital
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