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 is El Absurd Pollo Posted: February 19, 2014 at 01:04 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 08:19 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 08:24 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 08:32 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 09:35 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 Yost (Voxter) Posted: February 19, 2014 at 09:42 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 09:44 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

News

All News | Prime News

Old-School Newsstand


BBTF Partner

Support BBTF

donate

Thanks to
tshipman
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogOTP 20 Feb. 2017: Baseball in a Time of Politics
(1028 - 4:44am, Feb 23)
Last: David Nieporent (now, with children)

NewsblogSources: MLB, union agree to use dugout signal for intentional walk
(81 - 3:55am, Feb 23)
Last: cardsfanboy

NewsblogIs 300-wins club done adding members?
(97 - 3:34am, Feb 23)
Last: cardsfanboy

NewsblogHow to Rationalize an Eric Hosmer Mega-Contract | FanGraphs Baseball
(36 - 2:57am, Feb 23)
Last: Walt Davis

NewsblogBaseball Reference has a New Look
(67 - 2:55am, Feb 23)
Last: cardsfanboy

NewsblogTexas A&M Wins on Wild Pitch During IBB
(21 - 1:34am, Feb 23)
Last: cardsfanboy

NewsblogOT: January 2016 Soccer Thread
(249 - 1:11am, Feb 23)
Last: Textbook Editor

NewsblogRick Ankiel drank vodka before starts to ease anxiety
(19 - 1:07am, Feb 23)
Last: JimMusComp likes Billy Eppler....

NewsblogMLB replaces retiring umps Jim Joyce, John Hirschbeck, Tim Welke, Bob Davidson
(27 - 1:05am, Feb 23)
Last: JimMusComp likes Billy Eppler....

NewsblogOT - December 2016 NBA thread
(2369 - 12:00am, Feb 23)
Last: maccoach57

NewsblogMLB commissioner Rob Manfred angry union won't agree to proposesd rule changes
(93 - 11:41pm, Feb 22)
Last: Joyful Calculus Instructor

NewsblogMike Piazza Learns How to Be an Owner. Of a Soccer Team. In Italy.
(49 - 11:20pm, Feb 22)
Last: . . . . . . . . . .

Hall of MeritWillie Davis
(34 - 10:34pm, Feb 22)
Last: Bleed the Freak

NewsblogBaseball Hall of Fame to honor 'Homer at the Bat"
(30 - 10:05pm, Feb 22)
Last: Betts, Bogaerts, and D Price(GGC)

NewsblogSammy Sosa compares himself to Jesus Christ, denies PED use
(45 - 9:55pm, Feb 22)
Last: Cargo Cultist

Page rendered in 0.3106 seconds
47 querie(s) executed