In 2002, Hicks, Muse, Tate and Furst, a Dallas private equity firm, Liberty Media Corp and News Corp created a holding company (Fox Pan American Sports) to jointly operate FOX Sports Latin America.

News Corp purchased the remaining ownership rights for the holding company from HMTF and fully owned the FOX Sports Latin America cable network in 2011.

On August 21, 2017, Fox launched a new channel called Fox Sports Premium that broadcast the replays of the matches of the Argentine Primera División until August 25, 2017, when the Superliga Argentina began an agreement with TNT Sports to share the directives of Argentine football.

On October 16, 2020, the Argentine Football Association would breach their television contract to broadcast Argentinian football on Fox Sports due to the Disney acquisition of 21st Century Fox, with TNT Sports being the only broadcasters leaving open the possibility that the Televisión Pública of reacquiring the rights.

[8] In November 2021, Disney announced that Fox Sports' main channel would be renamed ESPN 4 except in Argentina on December 1, 2021.

The network carries a wide variety of sports events, including football (Copa Libertadores, UEFA Champions League etc.