Ex-Baseball Executive Theo Epstein Joins Penguins’ Ownership Group

Theo Epstein, an executive with three World Series-winning teams, is joining the ownership of Fenway Sports Group and will serve as a “senior advisor” to the company.

FSG owns the Pittsburgh Penguins, as well as the Boston Red Sox, Liverpool Football Club of the English Premier League, RFK Racing and Boston Common Golf.

Per an announcement by FSG, Epstein “will advise FSG owners John Henry, Tom Werner, Mike Gordon and Sam Kennedy on the company’s sporting operations across the portfolio and consult on strategic growth and investment initiatives.”

(Epstein is on the left in the above photo. John Henry is on the right.)

Any direct involvement he will have with the Penguins was not mentioned in FSG’s press release.

Epstein was general manager of the Red Sox from 2003-2011, during which it won two world championships. He served as president of baseball operations for the Chicago Cubs, who won the World Series in 2016, from 2012-2020.

“There is no question that Theo left and indelible mark on our history that represented a transformative era,” Fenway Sports Group principal owner John Henry said, in a statement released by the company. “Welcoming him as a member of our ownership group and in the role of senior advisor to the broader company brings with it a sense of completing. With this strategic mind, leadership and unwavering passion for sports, Theo brings invaluable assets that will drive us forward across our diverse enterprises, especially in our sports operations across hockey, EPL football and baseball.”

Epstein will give up his position as a formal consultant to Major League Baseball, a role he has held since 2021, but will remain an informal member of MLB’s Competition committee and On-Field committee.