Chaim Bloom explains the team’s decision to exercise the club option on Alex Cora for the 2023-24 seasons
Fenway Sports Group reportedly will shift its focus to the NBA once its purchase of the Pittsburgh Penguins is complete.
John Henry and Tom Werner hope to add an NBA team to their sports investment empire, according to a report posted by Axios on Wednesday. The news comes just days after it was revealed the Boston Red Sox ownership group was nearing a deal to buy the NHL's Penguins for roughly $875 million.
It is not yet known which NBA teams Fenway Sports Group has on its radar, but Axios states that it is expected to seek out a target sometime in 2022.
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In addition to the Red Sox -- and soon, the Penguins -- Fenway Sports Group owns several businesses including Liverpool F.C., 80% of New England Sports Network, and 50% of NASCAR's Roush Fenway Keselowski Racing.
NBA superstar LeBron James and his business partners Maverick Carter and Paul Wachter partnered with Fenway Sports Group in March 2021.