Fenway Sports Group (FSG), the multi-sport investment group, has expanded its portfolio with the acquisition of a team in WTGL, the new women’s professional golf league.
The team will compete as Boston Common Golf, representing Boston and New England as one of WTGL’s five inaugural teams.
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TMRW Sports, the tech-focused sports, media, and entertainment venture, debuted the men’s TGL in 2025 and announced the launch of the women’s edition of the tech-infused golf competition in partnership with the Ladies Professional Golf Association (LPGA) earlier this year.
WTGL will launch in late 2026 and feature teams of LPGA Tour players competing across a season of team match play from the purpose-built SoFi Center in Palm Beach Gardens, Florida.
The investment in the Boston team marks FSG’s first team ownership position in women’s professional golf, building on its relationship with the LPGA, which began in 2023 when its Fenway Sports Management arm partnered with the organization to help grow the tour’s sponsorship and marketing business.
FSG was also one of the original six ownership groups of TGL (also under the Boston Common Golf team name) and an early investor in TMRW Sports, which is headed by golf icons Tiger Woods and Rory McIlroy.
Linda Henry, FSG partner and CEO of Boston Globe Media, said: “At FSG, we’ve always believed in investing early in ideas with the potential to grow and evolve the sports landscape.
“Our investment in TMRW Sports and partnership with the LPGA have only reinforced our confidence in the future of women’s golf. WTGL is a natural next step, and we’re proud to bring Boston Common Golf to the league and another world-class team to New England fans.”
In WTGL, teams of players will hit shots at a five-storey-high simulator screen before moving to a green that can rotate 360 degrees, creating hole-to-hole variations.
The inaugural men's TGL season was held in 2025, while the second season concluded in March this year.
Mike McCarley, founder and CEO of TMRW Sports, added: “Fenway Sports Group has been a TMRW Sports partner from the beginning and understands what it takes to build an enduring team brand in one of the world’s most passionate sports markets.
“Boston Common Golf brings an established identity, a passionate fan base and an ownership group with a record of growing iconic sports properties. Adding FSG and Boston Common Golf strengthens WTGL as we build a premier platform for women’s team golf in partnership with the LPGA.”
In June, the fourth WTGL franchise was awarded to Motor City Golf Club, which also recently acquired a team in TGL.
As with the men’s team, the franchise is led by investment firm Middle West Partners, led by principals Michael Hamp, Peter Hamp and Kevin Kelleher.
The wide-ranging ownership group also includes billionaire Rob Walton, his partner Jordan Rose Walton, US entrepreneur Kal Somani, Kit Hawkins, and Vansa Chatikavanij of investment funds Present Ventures, fellow investment funds Ronin Capital partners and Eberg Group, and existing TGL partner RHC Group.
Motor City Golf Club was announced as the seventh men’s TGL franchise earlier in 2026.
Arthur Blank, the prominent US businessman, was the first to commit to WTGL, with the Atlanta Drive GC franchise becoming the first confirmed entrant.
He was soon followed by Alexis Ohanian, co-founder of social media site Reddit and founder of venture capital firm Seven Seven Six, who acquired the Los Angeles Golf Club WTGL franchise rights.
The third franchise, a New York-based team, was bought by Steven A. Cohen, owner of Major League Baseball’s (MLB) New York Mets.
The ownership groups of all five WTGL teams are helmed by existing TGL franchise investors.
Boston-based FSG also owns English Premier League soccer side Liverpool, as well as MLB heavyweights Boston Red Sox.
The group’s acquisition of a WTGL franchise came on the same day in which reports emerged that it is close to selling a large stake in Liverpool to a wealthy consortium that includes Amazon founder Jeff Bezos.
The group, which is being led by British-Indian millionaire businessman Amit Bhatia and backed by billionaire Indian steel magnate Lakshmi Mittal and his family, is in advanced talks to buy about a 30% stake in the Premier League giants.
Last month, FSG confirmed it was in talks with the consortium to sell a minority stake.
The deal to buy almost a third of the club is reportedly valued at around £1.35 billion ($1.8 billion).
Bhatia, Mittal’s son-in-law, was the former co-owner of second-tier English side QPR. He held this position until late last month, when he transferred his share of the club to Ruben Gnanalingam.
His resignation as a director of the EFL Championship club after 19 years represented a clear indication of the seriousness of the consortium’s bid and the chances of a deal being struck.
Should the deal go through, it would represent the first entry into sports for Bezos, the fourth-richest person in the world.
According to Forbes, the 62-year-old has an estimated net worth of $256 billion.
In 2023, the billionaire was linked with a takeover of NFL franchise the Washington Commanders after owner Daniel Snyder put the team up for sale.
He has also previously explored the possibility of buying Super Bowl winners the Seattle Seahawks.
With a high-profile figure such as Bezos joining Bhatia’s consortium, an agreement appears to be imminent and would be the second stake sale in the club by FSG in the past three years.
In September 2023, US private equity firm Dynasty Equity acquired a minority stake in the Merseyside outfit. That deal was believed to be worth around £164 million for a share of up to 3.8%, with the money raised to pay down debt and help finance capital expenditure.
The potential deal with the Bhatia-led group is expected to be structured similarly to Dynasty’s purchase.
FSG, which is owned by billionaire John Henry, acquired Liverpool from US pair Tom Hicks and George Gillet in October 2010 in a deal valued at around £300 million.
With Liverpool’s valuation growing significantly over the course of their tenure, the group is poised to secure a huge return on its investment.
The £4.5 billion valuation of the club is in line with recent deals. Chelsea were bought four years ago by the Todd Boehly/Clearlake Capital group for an overall £4.25 billion, although £2.5 billion was to purchase the shares from former Russian owner Roman Abramovich.
Sir Jim Ratcliffe’s deal to purchase 25% of Manchester United in 2024 valued the club at £4.3 billion.
In 2022, FSG sold an 11% stake to RedBird Capital Partners, the US investment firm, for $750 million and also acquired the Pittsburgh Penguins NHL ice hockey team in a deal valued at around $900 million, although FSG recently sold the franchise after five years for around $1.7 billion.
