Fenway Sports Group’s growth ambitions received a double dose of hopeful news Tuesday.
The parent company of the Red Sox and Liverpool Football Club approved a $750 million private investment that would make RedBird Capital Partners its third-largest partner, according to a source with knowledge of the deal. It also helps launch FSG’s efforts to acquire more teams.
The deal is contingent on Major League Baseball’s approval, which could take several weeks, the source said.
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