Buying a new team after laying people off is not the way to go, Boston Red Sox ownership.
After a global pandemic and a terrible season for the AL East franchise, the Red Sox ownership group plans to add another team or two to its portfolio. Fenway Sports Group owns the Red Sox, Liverpool FC of the EPL, and Roush Fenway Racing. While expanding one’s portfolio is usually a good idea, doing so after laying off many employees who only make five figures is a bad look.
Being able to read the room is not required to be owners of the Boston Red Sox
Fenway Sports Group, who is led by John Henry, Mike Gordon and Tom Werner, were not interested in paying former AL MVP outfielder and World Series champion Mookie Betts top dollar to stay in Red Sox uniform, citing financial flexibility. Well, the Red Sox were among the worst teams in the AL in 2020 and Betts won another World Series with the Los Angeles Dodgers.
FSG not only wants to add another North American professional sports franchise to its portfolio (NFL, NBA, NHL, MLS, WNBA, NWSL), but wants to add a second professional European soccer club to it to pair with Liverpool. That could be problematic if Liverpool were to ever meet the other soccer club on the pitch in some sort of UEFA Champions League format. Things could get dicey.
Expansion is cool and all, but doing so amidst so many layoffs just comes across as tone-deaf.