Apr 1, 2010, 12:47 PM EDT
Back in 2002 the New York Times bought 17.75 percent of the Boston Red Sox (along with Fenway Park, the New England Sports Network, and a few other properties) as part of an investment group led by principal owner John Henry.
Eight years later the newspaper has sold off 1.18 percent of New England Sports Ventures to “a venture capitalist” named Henry F. McCance. No word yet on the sale price, but according a report about the New York Times in the New York Times the newspaper initially paid $75 million for the 17.75-percent stake in 2002.
Richard Perez-Pena writes that the newspaper was “eager to marshal cash and shed non-core investments in a rough time for the newspaper business, the Times Company began looking for a buyer about a year and a half ago, hoping to sell its entire stake.” Or maybe they just didn’t like the John Lackey signing.
Oh, and as an added twist, the New York Times actually owns the Boston Globe, which of course covers the Red Sox.
- Sandy Alderson is not going to “roll over” for Scott Boras and shut down Matt Harvey 64
- Dodgers are already fed up with 6.56 ERA-pitching, excuse-making Mat Latos 50
- And That Happened: Thursday’s scores and highlights 58
- Bryce Harper walks in all four of his plate appearances, scores four runs 24
- ESPN pulls Curt Schilling off broadcasts for rest of regular season and Wild Card game 146
- David Ortiz is more likely to be boned in Hall of Fame voting for being a DH than for PED stuff 145
- And That Happened: Wednesday’s scores and highlights 74
- The Marlins are going to change everything except their biggest problem this offseason 53
- ESPN pulls Curt Schilling off broadcasts for rest of regular season and Wild Card game (146)
- David Ortiz is more likely to be boned in Hall of Fame voting for being a DH than for PED stuff (145)
- Matt Williams puts up another strong performance in his quest to get himself fired (107)
- David Ortiz tweets his happiness about the Deflategate decision (101)
- Why Mike Mussina keeps getting hosed in the Hall of Fame voting (90)