Red Sox reportedly make Linda Pizzuti Henry a minority owner
By Rick McNair
The Boston Red Sox reportedly made some changes to the business side of the operation including a new owner who happens to have a connection to the team.
The Boston Red Sox have had the wife of principal owner John Henry added to the list of minority owners as reported in The Boston Herald. Linda Pizzuti Henry acquired the shares held by Fenway Sports Group limited partner Arthur Nichols.
Fenway Sports Group is a holding group for the ever-growing collection of Henry interests including the Red Sox, Liverpool FC, NESN, Roush Racing and Fenway Park. Quite a collection.
This is not new news as the actual transaction took place in the summer and small shares occasionally become available. Ms. Henry married John Henry in 2009 and has been quite active in the various Henry interests including The Boston Globe, charity, and real estate interest connected to the Red Sox.
The Massachusetts native holds an undergraduate degree from Babson and a graduate degree from M.I.T. She’s savvy, smart and well-respected for her industriousness with all things Red Sox.
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According to the Herald, the Red Sox also made some other management changes and quite naturally the development of new titles – a specialty within the organization. David Beeston is now executive vice president (You never have enough VP’s) and chief strategy officer. So, let’s run down the rest of the VP’s.
Zineb Curran is VP of corporate communications. Kevin Gregg is VP of media relations – I image the Sean Spicer of the Red Sox? And last is Jonathan Gilula who is VP and COO of the Red Sox and FSG Real Estate.
The changes within the Red Sox management structure occasionally happen but are not the more newsworthy types that usually focus on baseball operations. From a business perspective, they are crucial since the expanding interests of the Red Sox can provide a needed influx of revenue for the more exotic free agent talent. A sound baseball and sound business management do have a symbiotic relationship.
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Here at BSI, I personally hope to fund our own attempt to purchase some limited shares or share when they become available. I had $14.33 in loose change, 12,400 Delta air miles, and a bag of empty soda cans for starters. Maybe some of the contributors will, well – contribute?