Deals
Red Sox Owners Receive Investment From RedBird, LeBron James
The Boston Red Sox grounds crew works on the Opening Day stencil at Fenway Park in Boston on March 30.
Photographer: Kathryn Riley/Getty ImagesBoston Red Sox owner Fenway Sports Group received an investment from RedBird Capital Partners and said a group including Los Angeles Lakers star LeBron James will become shareholders as well.
Terms of the RedBird deal weren’t given, but Fenway Sports Group said Wednesday that the transaction gave the company an enterprise value of $7.35 billion. Led by billionaire John Henry, Fenway Sports also owns the Liverpool Football Club, Fenway Park and a 50% stake in Nascar’s Roush Fensy Racing, among other assets.