Baseball for the Thinking Fan

Login | Register | Feedback

btf_logo
You are here > Home > Baseball Newsstand > Baseball Primer Newsblog > Discussion
Baseball Primer Newsblog
— The Best News Links from the Baseball Newsstand

Wednesday, February 19, 2014

The Other Owner: How Mike Gordon Has Become a Key Red Sox Figure

Over the last 18 months or so, limited partner Michael Gordon has emerged as an increasingly important figure in the affairs of both Fenway Sports Group and the Red Sox. According to multiple industry sources, when The New York Times sold its 17.5 percent ownership stake in FSG (and the Red Sox) in three separate transactions (each to multiple investors) totaling $210 million from July 2011 through May 2012, Gordon—one of the team’s limited partners since Henry became principal owner in 2002—emerged as the second-largest shareholder in Fenway Sports Group and the Red Sox, with a larger stake than Werner. Only Henry owns a larger share of the Red Sox and FSG.

Gordon does not have a title in the Red Sox organization, nor does he have an office at Fenway Park. But he has become a significant voice in all of the FSG holdings, including the Red Sox and (particularly) Liverpool Football Club. While he is in many ways the member of the ownership group who is most directly responsible for the day-to-day activities of the soccer team, Gordon has seen a steady growth of his involvement in both the business and baseball operations of the Red Sox.

So who is he?

Some interesting detail on the Red Sox 2nd largest shareholder.

Jose Can Still Seabiscuit Posted: February 19, 2014 at 02:04 PM | 6 comment(s) Login to Bookmark
  Tags: red sox

Reader Comments and Retorts

Go to end of page

Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.

   1. The Yankee Clapper Posted: February 19, 2014 at 09:19 PM (#4659384)
Only Henry owns a larger share of the Red Sox and FSG.

So why did Henry, Werner & Lucchino water down their stake by allowing Gordon to increase his?
   2. Jim Wisinski Posted: February 19, 2014 at 09:24 PM (#4659387)
They didn't, Gordon increased his stake by buying part of what the NYT sold.
   3. The Yankee Clapper Posted: February 19, 2014 at 09:32 PM (#4659391)
They didn't, Gordon increased his stake by buying part of what the NYT sold.

Well, yes, but why didn't Henry et al keep it for themselves?
   4. Jim Wisinski Posted: February 19, 2014 at 10:35 PM (#4659412)
Didn't feel like it was worth the financial outlay I guess. Let's say they were thinking about a $50 million stake purchase; based on what I found about the $117 million sale by the NYT in July 2011 that would have gotten you a 4% stake in the group. To buy that they would have to feel that 4% of FSG would be more profitable than whatever else they could do with that money; it's not like their positions within the ownership group are threatened by Gordon's stake increase. So it's not that surprising I think that they were fine with their buddy increasing his stake relative to theirs.
   5. Infinite Joost (Voxter) Posted: February 19, 2014 at 10:42 PM (#4659416)
It's worth noting (I think) that Liverpool had a bit of a rough season last year, but are near the top of the table this season, and are threatening to break the London / Manchester choke-hold on the prestige spots in the Premiership. Some of that has to do with MU's surprising decline, but there does appear to be a football renaissance on in Liverpool, which is historically the capital of English football.
   6. toratoratora Posted: February 19, 2014 at 10:44 PM (#4659417)
TFA makes it abundantly clear Gordon is Buds buddy too

You must be Registered and Logged In to post comments.

 

 

<< Back to main

BBTF Partner

Support BBTF

donate

Thanks to
BDC
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogDoug Glanville: I Was Racially Profiled in My Own Driveway
(375 - 5:34pm, Apr 20)
Last: Jolly Old St. Nick Still Gags in October

NewsblogBryce Harper benched for 'lack of hustle' despite quad injury
(94 - 5:32pm, Apr 20)
Last: calhounite

NewsblogOMNICHATTER for April 20, 2014
(58 - 5:32pm, Apr 20)
Last: Rickey! In a van on 95 south...

NewsblogVIDEO: Brewers, Pirates brawl after Carlos Gomez triple
(20 - 5:32pm, Apr 20)
Last: PreservedFish

NewsblogZander Hollander, Sports Trivia Shepherd, Dies at 91
(8 - 5:22pm, Apr 20)
Last: 'zop sympathizes with the wrong ####### people

NewsblogJohn Torres: Baseball must bag sickening farewell tours
(47 - 4:47pm, Apr 20)
Last: cardsfanboy

NewsblogPirates Acquire Ike Davis From Mets
(47 - 4:39pm, Apr 20)
Last: formerly dp

NewsblogOT: NBA Monthly Thread - April 2014
(359 - 4:01pm, Apr 20)
Last: Mess with the Meat, you get the Wad!

NewsblogOT: The Soccer Thread March, 2014
(949 - 3:46pm, Apr 20)
Last: Spivey

NewsblogRB: Carlos Beltran: more of a center fielder than Mickey Mantle, Ty Cobb or Duke Snider. So what?
(44 - 3:43pm, Apr 20)
Last: cardsfanboy

NewsblogTim Federowicz has rough night behind the plate - True Blue LA
(11 - 3:28pm, Apr 20)
Last: Tripon

NewsblogIvan Nova’s season in jeopardy after tearing elbow ligament
(1 - 3:27pm, Apr 20)
Last: Publius Publicola

Newsblogmets.com: Through hitting system, Mets aim to build winner
(11 - 3:12pm, Apr 20)
Last: KT's Pot Arb

NewsblogOT: The NHL is finally back thread, part 2
(156 - 3:09pm, Apr 20)
Last: Mess with the Meat, you get the Wad!

NewsblogNYT: Sandomir: When Swastikas, on Caps, Meant Luck
(11 - 2:26pm, Apr 20)
Last: TerpNats

Demarini, Easton and TPX Baseball Bats

 

 

 

 

Page rendered in 0.2057 seconds
53 querie(s) executed