Theo Epstein is one of the most influential names in Boston Red Sox history, having built the roster that broke the franchise’s 86-year World Series drought in 2004. Now, Epstein is returning to Boston 13 years after leaving the team.
The Red Sox announced Friday that Epstein has taken an ownership stake in Fenway Sports Group, which means he is now a minority owner in the organization. Epstein also will serve as a senior advisor to the organization as part of his role.
“It’s just exciting to be joining such a dynamic, groundbreaking company across multiple sports, doing so many innovative things at the cutting edge of everything going on in sports these days,” Epstein said, via Sportico’s Brendan Coffey. “For me, it’s perfect. I was looking for a pathway into ownership.”
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Epstein became the Red Sox’s general manager in 2002 at age 28, and he later held the title of executive vice president as well. In his nine years at the helm, Epstein helped build two World Series championship teams and establish the Red Sox as an MLB powerhouse.
After the 2011 season, Epstein left to become the president of the Chicago Cubs, for whom he would help break another lengthy World Series drought. The executive stepped down from that role in 2020, and he has since served as an advisor to MLB for issues such as pace of play and rule changes.
Besides the Red Sox, Fenway Sports Group also owns Liverpool FC, the Pittsburgh Penguins and RFK Racing. The group also recently invested in the PGA Tour.
