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.
Frank McCourt has NE Roots. Wonder if he could scrape up 1.3 billion? 😉
A Yankees fan’s dream come true.
I know the McCourt jokes are just that, jokes, as I’m pretty sure Selig isn’t letting this shyster back into the fraternity.
Sell it to Robert Kraft ty
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.
Hey, 1.3B? “DO-ABLE!”, exclaimed Frank McCourt….
How awesome would it be if Larry Bird became the face of the franchise like Magic did in L.A.?
if the Dodgers are worth $2B, the Red Sox must be worth $2.5B, This sounds like nonsense.
And Red Sox Nation has spoken.
Why?
Kevin Millar should be the face of a group.
Manny has a couple hundred mil laying around.
Hold on. Let me check my bank account.
I don’t trust Larry Lucchino as far as I can throw him. And with my bad knee, I shouldn’t throw anybody.
At least 2 Billion.
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
That may be true but ticket sales are far better in our smaller park (Sell out every game), and our brand sells more merchandise.
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.
Well the Dodgers profit potential took a $250m hit courtesy of the Red Sox last month.
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.
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.
3.45 era in LA so far. He seems to have rejuvenated himself outside of boston.
Kelly,Kelly,Kelly, you mischievous rascal. if you don’t stop this nonsense, we’re going to take away your texting privileges!
The Red Sox might be the most clueless organization in MLB.
Fred and Jeff Wilpon would like a word with you.
Good point!
Every single day there is something new about the Red Sox.. Can we call this the most dysfunctional season by team in sports history?
Mark Cuban, Where are you?
At this point, blow EVERYTHING up. Let them sell, let Cuban come in. I like Cuban, I wouldn’t mind.
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.
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.