Lucchino: Red Sox Not For Sale

The owners of the Red Sox are considering selling the team and have quietly started shopping it to possible buyers, Charlie Gasparino of the FOX Business Network reports. However, Red Sox president and CEO Larry Lucchino said on WEEI’s Dennis & Callahan Show said the team’s owners are not contemplating a sale.

"Nonsense," Lucchino said (transcript via Kirk Minihane of WEEI). "As I said, they feel the same kind of competitive juices that the fans feel, that I feel. There's an opportunity here to put the team back on the track it was on for a decade. … There has not been one word, one word of discussion regarding that. We are committed, better or worse."

The Red Sox would be seeking $1.3 billion for the team, according to Gasparino’s sources. The Padres recently sold for $800MM and Dodgers recently sold for a record $2 billion. In that context it'd be surprising if the Red Sox didn't seek to match the Dodgers' sale price of $2 billion. A group led by John Henry & Tom Werner has owned the Red Sox since 2001.


Full Story | 31 Comments | Categories: Boston Red Sox

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31 Comments on "Lucchino: Red Sox Not For Sale"


johnsilver
2 years 11 months ago

Frank McCourt has NE Roots. Wonder if he could scrape up 1.3 billion? 😉

East Coast Bias
2 years 11 months ago

A Yankees fan’s dream come true.

vtadave
2 years 11 months ago

I know the McCourt jokes are just that, jokes, as I’m pretty sure Selig isn’t letting this shyster back into the fraternity.

2 years 11 months ago

Sell it to Robert Kraft ty

ugotrpk3113
2 years 11 months ago

Kraft has publicly stated he wouldn’t be interested in purchasing a franchise that doesn’t have a salary cap. So I wouldn’t even entertain the dreams.

Gumby65
2 years 11 months ago

Hey, 1.3B? “DO-ABLE!”, exclaimed Frank McCourt….

Devern Hansack
2 years 11 months ago

How awesome would it be if Larry Bird became the face of the franchise like Magic did in L.A.?

2 years 11 months ago

if the Dodgers are worth $2B, the Red Sox must be worth $2.5B, This sounds like nonsense.

Gumby65
2 years 11 months ago

And Red Sox Nation has spoken.

beisbolista
2 years 11 months ago

Why?

JacksTigers
2 years 11 months ago

Kevin Millar should be the face of a group.

Guest
2 years 11 months ago

Manny has a couple hundred mil laying around.

baseball52
2 years 11 months ago

Hold on. Let me check my bank account.

2 years 11 months ago

I don’t trust Larry Lucchino as far as I can throw him. And with my bad knee, I shouldn’t throw anybody.

Leonard Washington
2 years 11 months ago

At least 2 Billion.

LazerTown
2 years 11 months ago

No way the Red Sox are more valuable than the Dodgers. Sure they have better recent success but LA’s metro is 13M people compared to 4.5M for Boston. Sure they have to compete with the Angels, but most people won’t drive from LA down to Anaheim if there is a very good team up in LA. Dodger Stadium can also fit 56K compared to only 37K for Fenway. They also don’t have to compete for ticket sales with an NFL team in September and October

Leonard Washington
2 years 11 months ago

That may be true but ticket sales are far better in our smaller park (Sell out every game), and our brand sells more merchandise.

LazerTown
2 years 11 months ago

Sale price isn’t always based squarely on current revenues. A big part of it is determining what the potential of a business is. The Dodgers have a much higher profit potential. It certainly doesn’t help that this will be the Sox’s 3rd straight year without making it to the playoffs.

mjlowe
2 years 11 months ago

Well the Dodgers profit potential took a $250m hit courtesy of the Red Sox last month.

LazerTown
2 years 11 months ago

The Dodgers have a new cable deal coming up within a couple years. If they can manage to improve the ratings then they will be able to get more money from that. The dodgers biggest hole was 1B and now they have one of the best. Crawford can still be an above average left fielder, and Beckett could turn back into a #2 starter. He is moving from the AL east to the NL west. Alot less balls will be flying over the monster.

mjlowe
2 years 11 months ago

Beckett’s still got an attitude problem, is injury prone & has markedly lost velocity in recent years, that’s not going to change with the scenery.

LazerTown
2 years 11 months ago

3.45 era in LA so far. He seems to have rejuvenated himself outside of boston.

Slopeboy
2 years 11 months ago

Kelly,Kelly,Kelly, you mischievous rascal. if you don’t stop this nonsense, we’re going to take away your texting privileges!

2 years 11 months ago

The Red Sox might be the most clueless organization in MLB.

icedrake523
2 years 11 months ago

Fred and Jeff Wilpon would like a word with you.

2 years 11 months ago

Good point!

Dynasty22
2 years 11 months ago

Every single day there is something new about the Red Sox.. Can we call this the most dysfunctional season by team in sports history?

hawkny1
2 years 11 months ago

Mark Cuban, Where are you?

dc21892
2 years 11 months ago

At this point, blow EVERYTHING up. Let them sell, let Cuban come in. I like Cuban, I wouldn’t mind.

hawkny1
2 years 11 months ago

Even if the Red sox are not sold….. let Papi go, let Dice-K go, send Big John Lackey back to the west coast (Dodgers?), demote Cherington or offer him to Theo. If Larry Lucchino stays, have him perform double duties (CEO & GM). Put out feelers for Pedroia, Avila, Lester, Bard, Aceves, and Cook. Go into the December GM’a meeting with $15M in contract obligations for 2013.

dc21892
2 years 11 months ago

Whatever it takes. They still have some core pieces, so if they keep them, great. All that matters is getting rid of whoever and whatever is not working and starting as fresh as possible.