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.
- Phil Hughes could finish the season with the best K/BB ratio in MLB history 4
- Settling the Score: Friday’s results 21
- Clayton Kershaw wins his 20th game of the season 10
- Why are so many people acting like Bryce Harper is a bum? 79
- It certainly looks like Barry Bonds’ criminal conviction is going to be overturned 89
- And That Happened: Thursday’s scores and highlights 72
- VIDEO: Derek Jeter hits first home run at Yankee Stadium this season 11
- Ron Washington claims he resigned because he cheated on his wife 103
- Geddy Lee’s baseball obsession makes it really hard for me to hate Rush (108)
- Ron Washington claims he resigned because he cheated on his wife (103)
- It certainly looks like Barry Bonds’ criminal conviction is going to be overturned (89)
- And That Happened: Tuesday’s scores and highlights (83)
- Umpire ejects jackwagon fan heckling Bryce Harper in Atlanta last night (82)