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Liverpool owners FSG agree multi-million deal to sell one of their teams

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Liverpool owners Fenway Sports Group have agreed a deal to sell one of the sports teams in their portfolio. who have sporting assets that include the Reds, the Boston Red Sox baseball team, the Pittsburgh Penguins ice hockey franchise and the NASCAR team RFK Racing, have entered into an agreement to sell the Salem Red Sox, a Minor League affiliate of their MLB team in Boston, . The Salem team, a Class A affiliate that competes in the Carolina League, are to be taken over by Diamond Baseball Holdings, having been under FSG control since 2007. Salem will remain an affiliated team of the Boston Red Sox despite the new ownership.

FSG acquired the Salem Red Sox team from Hardball Capital in 2007, with Hardball having paid around $8m for team when they purchased it of businessman Kevin Bowles in 2006. The value of the deal to sell the team to Diamond Baseball Holdings has not been made public. The value of the Salem Red Sox formed part of Boston Red Sox’s valuation, which stands at $5.21bn (£4.29bn), according to the latest insights from .

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