John Henry, billionaire behind Fenway Sports Group, turns teams he owns into champions

PITTSBURGH — The billionaire behind the sports group in advanced negotiations to purchase the Pittsburgh Penguins has been described as a “shy quant” who uses “dispassionate analysis,” stripping ego and emotions out of the decision-making process to turn the teams he owns into cash cows and champions, according to our news partners at the Tribune Review.

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John Henry, whose entry in the sports world started as owner of a team in the Senior Professional Baseball Association in 1989, now counts Fenway Park, New England Sports Network, the Boston Red Sox, Liverpool FC, a NASCAR team and The Boston Globe newspaper among his group’s holdings.

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The next venture is the NHL, where Forbes valued the five-time Stanley Cup champion Penguins at $650 million in December 2020.

That ranked 11th among NHL franchises, though Henry has a history of infusing upgrades and turning profits.

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