Skip to comments.Boston Red Sox Could Be on the Block
Posted on 09/13/2012 8:56:44 AM PDT by raccoonradio
The team is owned by the Fenway Sports Group, which also owns the English football team Liverpool FC. While no final decision has been made about a potential sale, and the talks appear to be in the early stages, executives at Fenway Sports are debating whether they have the financial resources to run both teams, according to people with direct knowledge of the matter.
The Red Sox have publicly denied that they are for sale. Reached Thursday, a spokesperson for the team said of the potential sale that there is no truth to that rumor. However, there has been talk for some time that the team is informally gauging interest in the club.
The price tag eyed for any potential sale would be a steep one, according to people who have spoke with Red Sox management: $1.3 billion. Forbes cites the value of the Red Sox at around $1 billion.
Financier John Henry is the principle owner of Fenway Sports, which bought the Red Sox in 2002 and produced immediate results, winning the World Series in 2004 and 2007. But the last two seasons have been dismal ones for the team, plagued by injuries and overpaid talent.
Recently, the team unloaded a slew of underperforming players, saving as much as $250 million through 2018.
Also likely weighing on the consideration to sell the team is the poor performance of Henrys investment company, John Henry & Co. this year, these people say. The firm, which specializes in the futures market, has had a volatile year, with funds such as his Global Analytics losing nearly 16% this year, according to the companys website.
But according to people with direct knowledge of the matter, the biggest challenge for Henry is running two expensive sports franchises. Fenway Sports purchased the Liverpool team for $476 million in 2010, and has been widely criticized for overpaying for players who have under-delivered.
In fact, Henry recently wrote an open letter to Liverpool fans, vowing not to overspend on talent in the future, but stating his commitment to keeping the team.
By weighing a sale of the Red Sox, Henry could devote more resources to the Liverpool team. Also, unloading Liverpool is considered more difficult compared with a franchise with the name recognition of the Red Sox, despite its lousy 2012 season.
Fenway also owns 80% of the New England Sports Network, where the Red Sox games are aired, as well as the Boston Bruins of the National Hockey League. It's unclear how the sports network would factor into any deal.
In fact, people close to executives inside Fenway say management has been increasingly focused not on the Red Sox, but on the future of the Liverpool team.
>>The Red Sox have publicly denied that they are for sale. Reached Thursday, a spokesperson for the team said of the potential sale that there is no truth to that rumor.<<
IOW they are for sale.
Talk about your fixer-uppers.
Does this mean the Wal-mart Clan is running out of money?
Liberal DH’s to the core and this is how they run their businesses. Always over paying for CRAP! IDIOTS!
Maybe John Kerry can get his ketchup heiress wife to pony up some money to buy them, along with other investors. “Lovey,
do they still have Manny Ortez?”
they prefer soccer?
(WEEI's Big Show has a feature called the Whiner Line where someone imitates Henry--in a breathy, feminine sounding voice. "Hi...this is Red Sox owner John Henry..." Be sure and buy your Red Sox commemorative bricks!)
Liberals. Give ‘em another brain so they can be a half-wit.
The alleged “sellout streak”...via Boston Globe
Lucchino took exception to the notion that Red Sox fans are tired of the team keeping the sellout streak alive.
I havent heard a single fan or received a single e-mail or gotten a single letter where that happens, said Lucchino. He went on to defend the streak. The Boston Globe has taken a very different definition. Were battling definitions. Their definition is a literal one, and that every possible seat must be sold. And the operating definition that was here for years and years and was here long before we got here, and its in place for most Major League baseball teams, although there are some variations, but most baseball teams define a sellout as when you have more people in the ballpark, because youve sold more tickets and distributed more tickets than there are seats.
It has been a source of pride. We thought for our fans as well as for the organization. It is what it is. When it endsand it will endI doubt this year, because we sold so many tickets in September. Weve averaged 37,600 people, somewhere around there. Thats an average for every game this year. You can quibble about definitions, Is this a sellout? Is that a sellout? But thats an extraordinarily consistent record. You can quibble that there are some seats behind the post that didnt get sold. Yeah, well there are several people in standing room instead.
>>There has been speculation that the ownership group of Lucchino, John Henry, and Tom Werner might be interested in selling the team soon. Lucchino said that wasnt true.
Oh nonsense, he said. They feel the same kind of competitive juices that I feel, that our fans feel, to put this team back on the track it was on for a decade. For better or worse, we are the guys that youre going to have to kick around for awhile.
Thank God. They are taking the money and running.
I doubt she has to wait in line for tickets. /sarc.
yes..here are some comments from the posting of this article by Sports Hub 98.5 on facebook
— the sounds of a pending sale were obvious after the big trade. of course they’re shopping to sell
—Things get tough and Henry wants to bail...way to have no sack, pal.
— Just don’t sell to McCourt
—Oh please Bob Kraft buy this once proud franchise ....
—I always knew the soccer team came first, while the state of the Red Sox was way down on the list.
They also seem to be supportive of the Occupy Fenway Locker Room movement by the spoiled players
White elephant alert! This last-place pig has no where to go but up!
After what the Dodgers and Padres recently sold for, you’d have to be crazy not to think about offering any MLB team for sale.
They are massively overvalued.
$1.3 billion estimated asking price. (As Mad Magazine used to say...), “Cheap!”
The EPL is the most lucrative professional sports league in the world. People only care about Baseball in the US, the EPL is followed all over the world.
Keep the Sox....get rid of the Limey so-called “football” team.
Screw foreign investments.
Nobody cares about baseball outside of the US? You’ve never been to Japan or South America, have you?
PS...soccer is a faggy Euro sport.
They’re brainwashing our kids playing that crap in schools.
There are only five real sports options for Amercans.
Baseball, football, (the REAL kind...with pads and helmets), basketball, NASCAR, and golf.
I don’t care whaat the Euros and the Latins like. The rest of the world doesn’t concern me. My concern ends at the border.
I suspect MLB ratings outside the US don’t come close to EPL ratings.
Baseball has been very, very good to me.
Obviously the Red Sox owners do care.
That franchise hasn’t had a decent owner since Tom Yawkey.
The current ones must be faggy Eurolovers.
“PS...soccer is a faggy Euro sport.”
Euro, yes. Faggy, no, but I tend to agree that most things Euro are rather faggy :-).
Yet making left turns for hundreds of laps is considered a real sport? :-)
One of my favorite things to do when a group of my NASCAR fanatic relatives are glued to a TV watching that nonsense is yell “turn left” :-).
By the way, I admire the skills of the drivers and pit crews . It just isn’t for me much like soccer isn’t for you :-).
“Fenway Sports purchased the Liverpool team for $476 million in 2010, and has been widely criticized for overpaying for players who have under-delivered.”
I didn’t know it was possible to “under-deliver” in soccer. Isn’t that the game where, you run up and down the field for three days and no one scores until someone slips and falls and the refs are killed and there is a riot with lots of utes rioting for three days and nights? Or the stands collapse and 800 women and children are trampled by the men trying to get out?
I suppose you are also the sort of Neandertal who insists on keeping score and having "winners," and "losers" when youth teams compete. Me? I am much more socially advanced. I believe in "Tie Games" giving every kid on both teams a "Self-Esteem" Trophy,
and then finding out where their father is and beating the living snot out of that goddam commie wimp, but not until after I torch the Obama sticker off the back of their pot-smokin' mom's mini-van!
Good thing the Red Sox aren’t a English Premier League team, because the way they’ve been playing, they’d get relegated.
The Red Sox are usually good. They even beat the “Curse of the Bambino”.
We long-suffering Pirates fans have gone through 20 years of losing teams.
This year we’re still above .500 and have a shot at the wild card berth.
I’m expecting to wake up from this dream and they’re really at .390 and in last place.......
Don’t look now, but here come the Phillies, only three games out of the Wild Card.....I guarantee, nobody outside of Philly wants them in the playoffs, just like St Louis last year.
BWAHAHAHAHAHA!!! Good one!
Or maybe for his... attractive, hunky good looks?! ;-D
How can you screw up with one of the most lucrative franchises in pro sports?
They should unload Liverpool. Even with the tougher rules on selling soccer clubs...Liverpool would draw some potential buyers
The same problems with the Red Sox are also evident in another group who owns an English Premier League team and a US sports franchise. The Tampa Bay Buccaneers have been sliding since the Glazer family started buying up Manchester United a few years ago
I suspect MLB ratings outside the US dont come close to EPL ratings.
I suspect that MLB ratings INSIDE the US may not be as much as the EPL ratings. No kidding.
Probably true, it’s popularity is growing by leaps and bounds, I see people wearing Barcelona and Manchester United jerseys everywhere now.
As an Everton fan, I say, I like Liverpool right where they are right now. :)
I played soccer in college in the 1960s.
I don't believe I was brainwashed, LOL.
The Boston Red Sox have always overpaid for their players. They also have an annoying habit of keeping overweight, over-the-hill players on their team. They hit 20+ HRs a year but they also strike out 200 times and their home runs usually come with the bases empty and when they are losing 10-1.
Another thing the Red Sox do well is hit into double plays.
I don't believe I was brainwashed, LOL.
Too bad. It might have been a good excuse.
“Excuse me, old chap, can you get me an autograph from Manny Ortez over there?”
When you’re 5ft 5in and 140 lbs, your chances of playing college fb (even in the 60s) was pretty low.
After the ridiculous price that the Dodgers got I think teams are crazy not to see if they can get 2 or 3 times what they thought their asset was worth.