Boston Red Sox on the sale block?
Given all the turmoil surrounding the Boston Red Sox since September 2011, the franchise has a lot of cleanup work to do. That cleanup could begin with a new ownership group in the not-too-distant future.
According to a report from Charlie Gasparino of Fox Business, the Fenway Sports Group, led by John Henry, is debating whether or not to sell the franchise it has owned for the last decade.
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.