Experienced baseball executive Theo Epstein has reunited with Fenway Sports Group (FSG), the US sports ownership group, as a senior advisor and minority owner.
He already has strong ties to the company as he served as general manager of its Major League Baseball (MLB) franchise the Boston Red Sox for nine years.
FSG said Epstein’s scope in his new role will go beyond baseball and will involve advising owners John Henry, Tom Werner, Mike Gordon, and Sam Kennedy on the company’s sporting operations across the portfolio and consulting on strategic growth and investment initiatives.
As well as the Red Sox, FSG owns the English Premier League (EPL) soccer club Liverpool and the NHL’s Pittsburgh Penguins.
Henry said: “There is no question that Theo left an indelible mark on our history that represented a transformative era. Welcoming him as a member of our ownership group and in the role of senior advisor to the broader company brings with it a sense of completion.
“With his strategic mind, leadership, and unwavering passion for sports, Theo brings invaluable assets that will drive us forward across our diverse enterprises, especially in our sporting operations across hockey, EPL football, and baseball.”
Epstein left the Red Sox following the 2011 season to run the front office for the MLB's Chicago Cubs where he helped them win the title in 2016, their first in 108 years.
He departed the Cubs following the 2020 season. A year later, he was hired as a consultant to MLB itself where he worked on the pitch timer and several other rule changes introduced in the 2023 season.
He will no longer be a formal consultant at MLB from now on, but will continue to help the league’s competition and on-field committees on an informal basis.
Epstein said: “This is truly a unique opportunity for me – a chance to partner with people who mean a lot to me; a chance to challenge myself in new arenas; and a chance to use my experience and perspective to help others succeed and win at the highest level.
“FSG is a dynamic, groundbreaking organization with an incredible track record of accomplishment across sports.”
The Red Sox initially hired Epstein as an assistant general manager in March 2002. Eight months later, he was promoted to general manager at 28 years old.
Under his tenure, the Red Sox won the World Series in 2004 and 2007. The team reached the post-season six times in his nine seasons as general manager.
Epstein joins FSG at a time when the Red Sox are trying to emerge from a tough period that saw the team finish in last place in the American League East in three of the last four seasons.
FSG recently led a consortium that finalized an investment deal with golf’s PGA Tour worth up to $3 billion.