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Fenway Sports Group
Fenway Sports Group Holdings, LLC (FSG), is an American multinational sports holding conglomerate who own Major League Baseball's Boston Red Sox, Premier League club Liverpool F.C., and the National Hockey League's Pittsburgh Penguins. FSG was founded in 2001 as New England Sports Ventures (NESV) when John W. Henry joined forces with Tom Werner, Les Otten, The New York Times Company, and other investors to successfully bid for the Red Sox. NESV formally announced its name change to Fenway Sports Group in March 2011. In addition to owning the Red Sox, Liverpool F.C., and Penguins, the Boston-based limited liability company also owns the home stadiums for both the Red Sox (Fenway Park) and Liverpool F.C. (Anfield) as well as Fenway Sports Management (which in turn owns the Salem Red Sox, a Low-A East minor league baseball franchise), plus 80% of the New England Sports Network (NESN) and 50% of RFK Racing, with cars entered (as of the 2022 season) in the NASCAR Cup Series ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and service ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fenway Sports Management
Fenway Sports Management (FSM) is a global sports marketing firm that specializes in partnership sales, consulting, and the creation of unique and memorable events and experiences. FSM is headquartered in Boston, Massachusetts, with an office in New York City. Founded in 2004, it is a wholly owned subsidiary of Fenway Sports Group, the parent company of the Boston Red Sox and Liverpool Football Club, among other assets. Properties and clients During its first year, FSM entered into an exclusive sponsorship sales agreement with MLB Advanced Media and Boston College's major intercollegiate sports. Since its inception, FSM has continued to create sponsorship programs and, as of 2014, counted the Red Sox, Liverpool F.C., LeBron James , Roush Fenway Racing, MLB.com, the PGA Tour's THE NORTHERN TRUST, NESN, and the Salem Red Sox among its client base. FSM's consulting clients include Dunkin' Donuts, Gulf Oil, JetBlue, and Santander. In addition, FSM purchased the Salem Avalanche, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include '' Fortune'' and '' Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Stev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multinational Corporation
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NASCAR Cup Series
The NASCAR Cup Series is the top racing series of the National Association for Stock Car Auto Racing (NASCAR). The series began in 1949 as the Strictly Stock Division, and from 1950 to 1970 it was known as the Grand National Division. In 1971, when the series began leasing its naming rights to the R. J. Reynolds Tobacco Company, it was referred to as the NASCAR Winston Cup Series (1971–2003). A similar deal was made with Nextel in 2003, and it became the NASCAR Nextel Cup Series (2004–2007). Sprint acquired Nextel in 2005, and in 2008 the series was renamed the NASCAR Sprint Cup Series (2008–2016). In December 2016, it was announced that Monster Energy would become the new title sponsor, and the series was renamed the Monster Energy NASCAR Cup Series (2017–2019). In 2019, NASCAR rejected Monster's offer to extend the current naming rights deal beyond the end of the season. NASCAR subsequently announced its move to a new tiered sponsorship model beginning with the 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Low-A East
The Carolina League is a Minor League Baseball league which has operated along the Atlantic Coast of the United States since 1945. Having been classified at various levels throughout its existence, it operated at Class A-Advanced from 1990 until its demotion to Single-A following Major League Baseball's 2021 reorganization of the minor leagues. The league temporarily operated for the 2021 season as the Low-A East before reassuming its original moniker in 2022. The organization that later became the Carolina League formed in 1945, just as World War II was ending, and consisted of eight teams, six from North Carolina and two from southern Virginia. This later grew to as many as 12 teams, at times. History The Carolina League was announced on October 29, 1944, after an organizational meeting at Durham, North Carolina. It was a successor to the Class D Bi-State League that existed before World War II. The league began play in 1945 with eight teams based in Burlington, Durham, G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Liability Company
A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under state law; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-for-profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC). An LLC is a hybrid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times Company
The New York Times Company is an American mass media company that publishes ''The New York Times''. Its headquarters are in Manhattan, New York City. History The company was founded by Henry Jarvis Raymond and George Jones in New York City. The first edition of the newspaper ''The New York Times'', published on September 18, 1851, stated: "We publish today the first issue of the New-York Daily Times, and we intend to issue it every morning (Sundays excepted) for an indefinite number of years to come." The company moved into the cable channel industry, purchasing a 40% interest in the Popcorn Channel, a theatrical movie preview and local movie times, in November 1994. In 1996, it expanded upon its broadcasting by purchasing Palmer Communications, owners of WHO-DT in Des Moines and KFOR in Oklahoma City. The company completed its purchase of ''The Washington Post'' 50 percent interest in the '' International Herald Tribune'' (''IHT'') for US$65 million on January 1, 2003, bec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Les Otten
Leslie B. "Les" Otten (born 1949) is the former CEO of the American Skiing Company. Since resigning as its chief executive officer in 2001, Otten has been involved in numerous other businesses and industries, including the Major League Baseball's Boston Red Sox. Early life and career Otten was born in Teaneck, New Jersey, where he received his early education. He graduated high school from the Hun School of Princeton in Princeton, New Jersey, in 1967 and was named an Alumnus of the Year in 1999. Otten received a B.S. in Business Administration from Ithaca College in 1971, after which he worked for Killington and Sunday River ski resorts. In 1980 he purchased Sunday River, and his company, LBO Resort Enterprises, grew by acquiring Sugarbush, Attitash Bear Peak, and Cranmore in the Vermont-New Hampshire skiing areas. Ski industry career Otten started his career at Killington Ski Resort in Vermont in 1971. In 1973, at the age of 23, Otten was named ski operation manager of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Hockey League
The National Hockey League (NHL; french: Ligue nationale de hockey—LNH, ) is a professional ice hockey league in North America comprising 32 teams—25 in the United States and 7 in Canada. It is considered to be the top ranked professional ice hockey league in the world, and is one of the four major professional sports leagues in the United States and Canada. The Stanley Cup, the oldest professional sports trophy in North America, is awarded annually to the league playoff champion at the end of each season. The NHL is the fifth-wealthiest professional sport league in the world by revenue, after the National Football League (NFL), Major League Baseball (MLB), the National Basketball Association (NBA), and the English Premier League (EPL). The National Hockey League was organized at the Windsor Hotel in Montreal on November 26, 1917, after the suspension of operations of its predecessor organization, the National Hockey Association (NHA), which had been founded in 1909 i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Premier League
The Premier League (legal name: The Football Association Premier League Limited) is the highest level of the men's English football league system. Contested by 20 clubs, it operates on a system of promotion and relegation with the English Football League (EFL). Seasons typically run from August to May with each team playing 38 matches (playing all 19 other teams both home and away). Most games are played on Saturday and Sunday afternoons, with occasional weekday evening fixtures. The competition was founded as the FA Premier League on 20 February 1992 following the decision of clubs in the Football League First Division to break away from the Football League, founded in 1888, and take advantage of a lucrative television rights sale to Sky. From 2019 to 2020, the league's accumulated television rights deals were worth around £3.1 billion a year, with Sky and BT Group securing the domestic rights to broadcast 128 and 32 games respectively. The Premier League is a corp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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