Last week saw Fenway Sports Group make a significant move behind the scenes.
In bringing back former general manager of the Boston Red Sox, Theo Epstein, FSG managed to drum up some excitement among fans of the MLB team who had been downbeat coming into 2024 following a poor season in 2023 and a lack of major additions.
Epstein was a popular figure in Boston, with both fans and ownership. When John W. Henry failed to land sabermetrics guru Billy Beane ahead of the 2003 season, a scene that was depicted in the movie ‘Moneyball’, Henry and FSG looked to find their own version.
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FSG acquired the Red Sox in 2002, and by 2004 an 86-year drought had been ended in the search for a World Series. Before Epstein left in 2011, another World Series would be won by Boston.
Epstein’s approach, like Beane's, was data-driven, and that chimed with exactly what FSG was looking for when it came to how to shape the ball club.
After leaving the Red Sox for a role as president of the Chicago Cubs, Epstein then moved into a consultancy role with the MLB, and also into private equity as an advisor to FSG partners Arctos, the firm that recently acquired 12.5% of French side Paris Saint-Germain.
Epstein is now back in the fold for FSG, with the Reds owners using the carrot that they have dangled before now in providing equity in the company. Epstein is now a partner of FSG, meaning he is a part-owner of all the teams that come under the umbrella of FSG ownership, including Liverpool, the Red Sox, the Pittsburgh Penguins, and the RFK Racing NASCAR team.
But Epstein’sRead on liverpoolecho.co.uk