Kennedy has been promoted to CEO of FSG
- Thread starter soxhop411
- Start date
So hopefully his new position comes with a speechwriter and someone to manage his public appearances.
Does this mean he will spend more time in Liverpool and Pittsburgh and less in Boston?
that could be a win
that could be a win
I'm hoping that the job comes with a press secretary like real presidents have to explain what the president actually meant to say by what he said.
Maybe, just maybe... I know...a silly thought... he's actually been good at his job? You may disagree with what success is measured by, but by all accounts the business side of the Red Sox, surrounding real estate, and other endeavors he's been involved with has done quite well.
Yeah, I suspect he's really good at the parts of the job that don't involve discussing the payroll/budget without actually saying anything.
Being the spokesperson for this group, under the Boston media microscope, has got to be an incredibly tough gig. As RA noted, he's done extremely well on the business side of things. This seems like a logical move.
Hopefully this means they get a better mouthpiece for FSG, although I suspect there's no amount of spin or combination of words that will turn the tide on public opinion. They'll need to spend and win to do that.
Hopefully this means they get a better mouthpiece for FSG, although I suspect there's no amount of spin or combination of words that will turn the tide on public opinion. They'll need to spend and win to do that.
That’s about right and he’s certainly earned his promotion - ‘Thank You John, may I have another?’
If he’s done so well then why the hell are the finances bad? His words not mine.
(edit - just to clarify I’m not trying to intro any snark to you as life plenty challenging enough, just RS frustration)
Last edited:
The finances are not bad. The valuation has gone up consistently.
You can look at the finances for the Atlanta Braves: https://www.bravesholdings.com/news/press-releases/detail/191/atlanta-braves-holdings-reports-fourth-quarter-and-year-end
Thank you for the link, and that was indeed the quote I had in mind when I posted.
What’s challenging here isn’t that they have more or less money than the Braves, or even more or less money than they did last year. Attendance was up 10% across baseball last year, a blind monkey could’ve had evaluations go up for this team. Maybe it did. The question is, did they go up along with expectations - that’s how BIG money thinks.
In deference to your point, he did get the job, but something is rotten in Denmark because payroll is going down and the only explanation provided are statements around a budget and his quote that finances aren’t better (edit - well, that plus a seemingly endless stream of his aggressively aggravating bullshit lies).
Why operate at a loss if you aren’t going to win it all? What is rotten about that? The team isn’t build to win now. They could be in a few years as the young talent builds. You’re approaching this as a fan not a business perspective. His job is the business side, which includes setting a budget for baseball ops.
The Celtics didn’t go over the salary cap for years because they had young guys that weren’t quite ready to dominate the league for 5 straight years. Despite that they almost won it all 2 years ago, had a good shot last year, and finally committed to operate at a loss this year and next as the time seems right. That seems like good business to me.
In reading the article, it’s basically a title upgrade and he won’t be really taking on anything he hasn’t already been doing. The weird this is that FSG found it important to make this announcement now? It’s just a reminder to people that the Red Sox are just one of many of their interests these days. Still tone deaf and horrible timing. I hope it doesn’t overshadow the CJ Cron signing.
No, I’m really not (ok, except the Sam rage
) but perhaps you are? How could you assert they operate at a loss? What GAAP principles get you there? How does an in increase in 5B value not factor into ROI?They either take 50 buckets of money or 100 buckets of money out of the team every year (I pulled that from their 10K ha) and it’s ‘fans’ who let them off the hook.
edit – you know, maybe you are right and it is only the fan in me that thinks they are only Montgomery away from being able to compete ? These are confusing times!
Last edited:
It’s a business. They are promoting him because they think he is doing a great job. They did it on a Friday on the first day of March when you’d expect fan interest is at a seasonal low, particularly with the Celtics and Bruins both doing well.
Given they have ownership of multiple teams across multiple industries for multiple decades and far more information than you or I are operating with, I will defer to their experience and information that he can take on more than just the Red Sox. I think this announcement is more tied to getting Theo Epstein into FSG, with a focus on the baseball Portfolio, rather than some news conference in February that only obsessed fans that post on a message board during their work days when out of season would view as tone deaf. Hell if you want to be glass half full you could argue they brought in Theo to try to improve this over the next few years, while sliding Sam’s ability to run a portfolio higher up the chain. I know he’s retaining both titles, but clearly the responsibility are shifting.
Edit - and BTW this is why I’m much more excited as a fan of the Celtics ownership. They are legit fans. They are courtside at almost every game. They likely have more of a desire to push the team over the top when they can - as we are seeing. The Red Sox aren’t run by fans, they are far more focused on this as a business. When you read it that way these actions aren’t surprising.
Last edited:
Everybody knows it's a business. Everybody should also know where the piles of revenue are coming from. Werner and Kennedy, sadly both afflicted with foot in mouth disease, obviously understand that the fans have some investment in the team too, and are at least trying to give some general ideas about what the hell's going on. And they have preached over and over about how they are striving to put competitive teams on the field, and Red Sox fans and media have a right to hold them accountable for their public statements.
Awesome. The Red Sox are now like so many other corporations in this world. An affable, milquetoast, mediocrity is rewarded for his willingness to be beaten up publicly for the failures of the organization. Rah.