From bleacherreport: The article by Beth Healy at Boston.com isn't good news. Healy's article details that principal Boston
Red Sox' owner John Henry "has shut down his investment firm in Florida
after a period of poor performance."
In Healy's report it states about the firm: "its assets have
declined from more than $2.5 billion to less than $100 million..
This story immediately lends credence to the report from
Charlie Gasparino at the Fox Business website that the Boston Red Sox are
potentially for sale. And it also puts
into question the Red Sox trade with the Los Angeles Dodgers last summer where
the Red Sox traded Adrian Gonzalez, Carl Crawford, Josh Beckett and Nick Punto
in order to remove over $262 million from their payroll.
At the time, the trade was viewed as a chance for Boston to
reset its roster and get out from underneath the contracts of Crawford and
Beckett and a team that wasn't winning. .John W. Henry & Co., a trading
firm controlled by the principal owner of baseball's Boston Red Sox, told
clients it will stop managing their money at year-end amid dwindling assets and
slumping returns. John W. Henry, which managed more than $2.5 billion in 2006,
today oversees less than $100 million, Mr. Henry said in an email. The firm
will continue to do some trading for its own account…..
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