Have $1.3 billion dollars? The Red Sox could be yours..... | Bob's Blitz

Have $1.3 billion dollars? The Red Sox could be yours.....

Oh, if Frank McCourt had only waited a few years. For the princely sum of $1.3 billion dillars, Fenway Sports Group might be willing to sell you the Boston Red Sox.

Financier John Henry is the principle owner of Fenway Sports and the FOX Business Network has learned that he has been secretly shopping the team to potential buyers.

Fenway also owns 80% of the New England Sports Network, where the Red Sox games are aired, as well as the Boston Bruins of the National Hockey League. It's unclear how the sports network would factor into any deal.

In fact, people close to executives inside Fenway say management has been increasingly focused not on the Red Sox, but on the future of the Liverpool [English football team Liverpool FC, which Fenway also owns] team.

If NESN was included in a full auction of the Red Sox, the ball club could fetch $1.5 billion to $1.6 billion, said one person intimately involved in financing sports deals.

"The Red Sox are one of the premier franchises in all of sports. I don’t think it would be very hard to sell the team. You would have many, many bidders," the source said.

Reached Thursday, a spokesperson for the team said of the potential sale that “there is no truth to that rumor.”

Read more: http://www.foxbusiness.com/industries/2012/09/13/boston-red-sox-could-be-on-block/#ixzz26NHxzDSG

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