Red Sox president insists team will never be sold

In the United States, the Boston Red Sox president Sam Kennedy recently made a definitive statement regarding the ownership of the team. During an appearance on WEEI's The Greg Hill Show, Kennedy emphasized that the Henry family, which owns the Red Sox, has no intention of selling the franchise. This assertion comes amidst rising evaluations of sports franchises, with the Los Angeles Lakers being sold twice in the past two years for a staggering $22.5 billion. The Red Sox, valued highly in the sports market, are seen as a potential candidate for a record-breaking sale in the future, but Kennedy's comments suggest that such a scenario is not imminent. The Fenway Sports Group, which acquired the Red Sox, Fenway Park, and NESN for $660 million in 2002, has expanded its portfolio significantly over the years, including ownership stakes in Liverpool FC, NASCAR's RFK Racing, and the NHL's Pittsburgh Penguins. Despite the team's struggles earlier in the season, which led to calls for a sale from frustrated fans, the Red Sox have recently turned their performance around, winning 37 out of 46 games and positioning themselves for a playoff spot. Kennedy's strong statement reflects the ownership group's commitment to maintaining control of the franchise, despite the fluctuating fortunes of the team and the sports market at large.