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Post by patrmac04 on Nov 9, 2012 16:21:05 GMT -5
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Post by bsout2 on Nov 9, 2012 16:33:07 GMT -5
I don't think it is a crazy notion. Bill Simmons has talked very openly over the past couple of months about the Red Sox going up for sale soon. Not saying he is the most ideal source, just pointing out that there are some larger media people who believe it is about to happen.
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Post by Oregon Norm on Nov 9, 2012 16:47:48 GMT -5
These are the continuing repercussions from the collapse on Wall Street. No one should be surprised in light of the salary dump, not that it wasn't a good idea. I wrote back then that it might be a signal about the state of ownership's financial affairs. If you are planning a sale, you want to have your financial house in order. Even if you aren't, belt-tightening can induce real focus on what's important. The team and it's TV holdings are a cash cow, even if the seats aren't filled. I think the sale, if it happens, is a sign that ownership needs the cash very badly. If so, bring on Mark Cuban!
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Post by buffs4444 on Nov 9, 2012 16:55:58 GMT -5
As of 2 months ago, his net worth was still pretty solid, and had even increased over the past few years....
Could be he's just minimizing distractions to focus on the team. If so, it's a laudable act.
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Post by kindasweaty on Nov 9, 2012 17:34:06 GMT -5
Could be he's just minimizing distractions to focus on the team. If so, it's a laudable act. I don't know if he'd minimize his career to focus on his hobby. Unless owning sports teams is his new career. |
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Post by fenwaythehardway on Nov 9, 2012 17:55:05 GMT -5
Unless owning sports teams is his new career. It's good work if you can get it. |
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Post by pedroelgrande on Nov 9, 2012 18:57:17 GMT -5
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Post by sibbysisti on Nov 9, 2012 19:08:55 GMT -5
Since his investments have largely been in futures, he should have put some seed money in medical marijuana.  |
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Post by Oregon Norm on Nov 9, 2012 20:02:14 GMT -5
Or some medical marijuana to seed...
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Post by nhdave on Nov 18, 2012 21:12:42 GMT -5
my eyebrows raised by the fenway rousch thing, but certainly didn't like
the liverpool deal.... way too much cash and attention... one of my
favorite books is by the business manager of the rock band kiss,
they crashed when they tried to expand their empire inoordinately,
and the money dried up...
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Post by elguapo on Nov 18, 2012 21:21:20 GMT -5
I don't know if he'd minimize his career to focus on his hobby. Unless owning sports teams is his new career. He made a ton of money in commodities and is now making a ton of money at least from the Sox. Seems like he made the shift at the right time. |
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Post by James Dunne on Nov 19, 2012 8:04:13 GMT -5
Also, he's in his mid-60's. Many people at his age retire from their day job to focus on more "fun" pursuits."
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Post by fenwaythehardway on Nov 19, 2012 8:18:27 GMT -5
Also, he's in his mid-60's. Many people at his age retire from their day job to focus on more " fun" pursuits." You've got the scare quotes going so I think you understand, but just for anyone that doesn't: owning the Red Sox is not a hobby. It's might be fun. But most importantly: it is definitely an obscenely profitable business. (And while I don't know jack diddly bullcrap about the economics of non-murkin Football, I'd be astonished if it was any different with Liverpool.) Point is, the only reason to worry about the Red Sox is if Henry was using his other businesses to subsidize the Sox payroll, and there's no reason to think that's the case. If it was, Henry would be selling the Red Sox (at, again, an obscene profit) and putting that money back into the markets, not the other way around. |
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