Red Sox Fervently Denying Report They Might Be For Sale
More Red Sox drama! Fox Business reported Fenway Sports Group is considering selling the Red Sox and had “quietly shopped” the team to potential investors. The team could be worth about $1.3 billion, about twice what owners paid in 2002. John Henry and Co. have issued fervent public denials.
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.
Will the Red Sox actually get sold? We doubt it. The company changing its name to “Fenway Sports Group” would be one hint. The Red Sox already were very profitable with the revamped stadium and the 80 percent NESN ownership. They are set to become even more profitable (even if the team bottoms out), with sharply reduced payroll expenditure with the Dodgers trade and lucrative new MLB television deals.
The more interesting situation is Liverpool. As bad as the situation in Boston has been, the Liverpool one is worse. The club overspent last year and got burned. This year, the club took a hard tack toward the money ball route, lost out on Clint Dempsey and ended up without a striker. Liverpool is an iconic soccer brand. There’s potential for the club to become a self-sustaining marketing juggernaut and a lot more valuable with a new stadium. The first step for all those plans, though, is returning to the Champions League. Off to a historically bad start, Liverpool are a long way from that.
[Photo via Presswire]

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44 Responses to “Red Sox Fervently Denying Report They Might Be For Sale”
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September 13th, 2012 at 2:46 PM
We doubt it.
You got a mouse in your pocket?
September 13th, 2012 at 2:47 PM
+1
September 13th, 2012 at 2:49 PM
I got one hand in my pocket, and one hand…
September 13th, 2012 at 2:50 PM
So Heidi Watney is going to buy the Red Sox?
September 13th, 2012 at 2:51 PM
Duffy, aside from maybe Bayern Munich, is there one big european soccer club that turn over some sort of profit for the owner year after year. I’d say no. Even with creative accounting showing you’ve turned over a profit, I just don’t see how anyone can ever invest in european soccer as a sound business investment.
September 13th, 2012 at 2:52 PM
Arsenal. Manchester United.
September 13th, 2012 at 2:53 PM
might not wanna close with a tangent that’s a fairly distant point from the one originally asserted. leaves the reader thinking “i thought this was about the sox, not liverpool.”
September 13th, 2012 at 2:55 PM
Really? The European soccer financial model goes way over my head, but if that’s the case, why are their fans always “protesting” the financial status of their club through fashionable scarf?
September 13th, 2012 at 2:57 PM
is there really any financial gain to showing a profit/loss for sports teams?
/honest question, don’t know
September 13th, 2012 at 2:57 PM
That was actually a B-side for the Fresh Prince opening.
September 13th, 2012 at 2:58 PM
He never turns down a chance to slam Liverpool, he’s consistent.
Would much rather they sold us and stayed with the Red Sox. Selling the Sox doesn’t make sense.
Granted up to this point FSG have done pretty much the exact opposite of every public statement they’ve made, so I guess this denial means they’ll be sold by next week.
September 13th, 2012 at 2:58 PM
I’m not sure either. I think it’s to assure fans that the club is being run well and there’s no risk of a financial collapse.
September 13th, 2012 at 2:59 PM
If you check lists of owner expenditure in the Premier League, Arsenal and Manchester United are near the bottom.
Manchester United fans are pissed because the Glazers bought Man U with a loan, transferred the debt to the club and have been not only letting the club sustain itself rather than investing but have siphoned money out of the club. Highest turnover of any club in the world. Still have to sell Cristiano Ronaldo and get priced out of buying elite players.
September 13th, 2012 at 3:00 PM
Oh also as an aside I was reading several people with ties to Liverpool saying “it’s Fox Business, they can’t be trusted, they’re part of News Corp.”
Yeah, so is Fox Soccer Channel, same parent company as The Sun, and that didn’t stop FSG from opening the club’s doors for some stupid fucking cash grab documentary.
September 13th, 2012 at 3:00 PM
sounds like the ol’ romney double drop. solid move.
September 13th, 2012 at 3:01 PM
Taylor Freakin’ Teagarden.
Double in the bottom of 7th to give O’s 2-1 lead.
/Why not?
September 13th, 2012 at 3:02 PM
I looking forward to watching that train wreck (illegally), going to take a screenshot the exact moment the team realizes the year is lost.
September 13th, 2012 at 3:02 PM
The better question would be are there any clubs outside of Germany that actually succeed and are run in a fiscally responsible way. The former eliminates Arsenal and the latter eliminates United.
September 13th, 2012 at 3:04 PM
That moment already passed, so hopefully they had cameras running on June 1st when the transfer window opened.
My favorite part is they keep having to re-edit the press for it to scrub players that were sold from the promotional materials.
September 13th, 2012 at 3:05 PM
Ok. By the way, I mentioned Bayern because Uli Hoeness and Karl-Heinz Rummenigge are always playing up how Bayern is a model club that is totally secure financially. For all I know, it’s horribly run, and they’re just cooking the book. But hey, if that means we keep making the CL finals before choking, I’m all for it, I guess.
September 13th, 2012 at 3:06 PM
It is (though this Javi fee will make it interesting). The Bundesliga clubs can’t cook the books after what Dortmund did back in the day.
September 13th, 2012 at 3:07 PM
Though wouldn’t this strike you as a total John Henry move to say “and oh hey, for an extra million, we’ll sell you the rights to our company name too”?
September 13th, 2012 at 3:07 PM
might not wanna close with a tangent that’s a fairly distant point from the one originally asserted. leaves the reader thinking “i thought this was about the sox, not liverpool.”
It’s like everyone started Dinosaur walking or something.
September 13th, 2012 at 3:08 PM
Feels like playoff baseball.
Temp outside in the 50s. Snow on Pikes Peak. I love this time of the year.
September 13th, 2012 at 3:09 PM
Sell it to Matt Damon, Ben Affleck, Denis Leary and Mark Wahlberg!
September 13th, 2012 at 3:11 PM
New Edition wants in on this.
September 13th, 2012 at 3:12 PM
still blown away by people thinking those weren’t jokes. got two lols, which is nice tho.
September 13th, 2012 at 3:14 PM
You forgot the part where the Glazers set up an IPO for Manchester United stock where each share only gets 10 times less of a vote than the shares that the Glazers kept. The sale will raise supposedly around $330 mil of which the Glazers will keep a bit more than half personally (90 million GBP).
September 13th, 2012 at 3:14 PM
what’s the market like for a last place team in a dying sport?
/horrible narrative
September 13th, 2012 at 3:16 PM
browns just sold for $1b. there’s your benchmark.
/dying sport means they’re actually dying right?
September 13th, 2012 at 3:16 PM
Given the way that John Henry made his money, it certainly makes sense for him to explore selling if he stands to reap huge profit. I’m sure he’s evaluating how much he can profit by holding on and comparing.
September 13th, 2012 at 3:17 PM
Link.
September 13th, 2012 at 3:17 PM
what’s the market like for a last place team in a dying sport?
Astros were sold for $610 million. Their value will only go up though when their regional network with the Rockets starts next year.
September 13th, 2012 at 3:20 PM
Sounds like some riveting programming.
September 13th, 2012 at 3:20 PM
TONS of money in snuff films.
September 13th, 2012 at 3:21 PM
Sounds like some riveting programming.
I know…but the fact that adding a team-specific regional network brings it boatloads of revenue for a team, even if that team is and will continue to be horrible for a few years, sort of undermines Jason’s narrative about baseball being a dying sport.
September 13th, 2012 at 3:24 PM
Luis Suarez still wears a Liverpool shirt, no? I mean, yes, Liverpool lost out on getting ANOTHER striker during the window.
September 13th, 2012 at 3:26 PM
Suarez isn’t a center forward. Granted neither is Dempsey.
Carroll was the only senior player they had that was an out and out striker.
But hey … Adam Morgan!
/fuck Jen Chang
September 13th, 2012 at 3:28 PM
Fuck baseball and soccer
/runs
September 13th, 2012 at 3:32 PM
Fuck baseball and soccer
/runs
Why do you hate Canadian kickball so much?
September 13th, 2012 at 3:37 PM
It’s called Soccer Baseball.
/Spits
September 13th, 2012 at 3:38 PM
MAHKY MAHK,SULLY, TITS, SLAHKER, DONKEY, AND DRY HUMPAH ARE GONNA TRY TO BUY THE SAHX! POW!
September 13th, 2012 at 3:41 PM
Sounds like some riveting programming.
1,100 housholds watched Astros game on Sunday.
September 13th, 2012 at 3:55 PM
There’s really nothing in that Fox article. I’m not saying it’s impossible they’d sell the Red Sox, but I actually believe Henry here. There’s really no sources, no anonymous statements, nothing except “we’ve learned”.
It’s not a page-clicky, but my guess is they really were valuing it for estate purposes, and someone ran with that.