Sam Kennedy, president of the Boston Red Sox, CEO of Fenway Sports Management and FSG real estate, and an FSG partner, speaking at the Sportico Invest in Sports conference in New York:
"We are in a new world, trying to figure out what is going to happen three of four years from now. If anybody can tell you they are lying.
"The good news is that we are in this for the long haul. Our investment came together in 2001 and in 2002 we closed (on a deal to purchase the Boston Red Sox). Since then we have added assets, franchises and real estate to the porfolio.
"We are inbuilt and invest for the long haul. Our time horizon is forever, especially when it comes to our real estate activity. We are taking a very long view and we don't have the typical expectations around quarterly returns or annual returns because we are in it for so long. It is a two-pronged strategy.
"Yes, we need a good economic idea on the real estate that we are developing but we also have to make sure that is additive to the fan experience to Fenway Park, Anfield and PPG (Pittsburgh Penguins' home arena)."
On Anfield, he added: "We'll see what ancillary development might be possible.
"As residential as Fenway is, Fenway is zoned for entertainment, hospitality, retail and other types of activities. Anfield is a residential neighbourhood so we have to be mindful of that and respectful of that. You'll probably see us focus more inside than outside in the future."