Private equity firm RedBird Capital Partners completed the investment in Fenway Sports Group, a global sports, marketing, media, entertainment, and real estate platform, a $7.4bn valuation. "Fenway Sports Group is unique not only for the quality of its sports properties and assets, but for the highly disciplined, results-oriented organization that John, Tom, Mike and the FSG team have built over the past 20 years. RedBird shares the same passion for performance-driven investing, business operations, fan experience and service to the community. We look forward to contributing our experience growing premier sports properties and working alongside this tremendous leadership team, including our fellow new owners LeBron, Maverick and Paul," Gerry Cardinale, RedBird Founder and Managing Partner.