The plans, which are being put forward by one of FSG’s subsidiaries, Fenway Sports Group Real Estate, will include four areas around the famous baseball stadium, with the company working in conjunction with clothing company ’47 Brand, as well as WS Development.
According to the Boston Globe, the plans, which would see retail, office, lab space and a hotel spring up, would also likely see Red Sox back-office staff leave Fenway Park, freeing up more room for the development within the confines of the stadium itself.
The plans had been in the works for a number of years, but should now move on to the next phase.
But how will these plans reverberate across the Atlantic?
Real estate development has been a staple initiative for Major League Baseball teams in recent years, with the Atlanta Braves, Colorado Rockies, San Diego Padres, Chicago Cubs and Los Angels. Angeles among the franchises to have redeveloped grounds around their stadiums. .
This endeavor proved to be successful. Real estate development for MLB teams has allowed them to improve their stadiums and increase their income streams without having such a heavy impact on the baseball economy – their track record around what happens on the field.
The potential agreement of FSG and RedBall
By thus improving the stages, that is to say by using borrowed funds and increasing indebtedness, it means that they are not subject to a luxury tax, a surcharge levied only on the products or services judged not essential or accessible only to the very rich.
The more money there is for the Red Sox, the better it is for FSG. The more money going into FSG the better for Liverpool, certainly taking into account the possibility of FSG becoming a publicly traded company in the coming months if the deal potentially sells 20% of the company at RedBall Acquisitions comes to fruition.
Receive all the latest pre-trip injury updates from Liverpool to Man City plus the latest news, bring discussions and analysis straight to your inbox every day with our FREE newsletter.
Register here – it only takes seconds!
Moves like this will only serve to add value to companies, something the Reds will be increasingly interested in if and when FSG goes public.
The more valuable the FSG, the more Liverpool and the Red Sox will look to become competitive when it comes to strengthening themselves on the pitch.