A group of investors led by outgoing Florida Marlins owner John W. Henry emerged as the winning bidder for the Boston Red Sox Friday night, with a $700 million offer—more than double the highest price ever paid for a Major League Baseball franchise. The purchase agreement was signed late Friday night at Fenway Park in Boston.
The deal must be approved by the other two major league owners. A vote is expected to take place in January 2013.
If it closes, the sale would make the Henry family the first American baseball dynasty since the Carnegies. The family business, NASCAR driver Jeff Gordon's championship team, would be named after them.
John Henry has been president and chief executive officer of the Boston Red Sox since February 2002, when his father Edward H. Lewis died. Before that, from 1989 to 2001, no one family owned both the Red Sox and the Liverpool Football Club, but now they do. The Red Sox are part of the New York-based company which owns the Miami Dolphins football team; the two other teams are the Washington Nationals baseball team and the Washington Capitals hockey team.
The Henrys are not new to baseball. They also own the Carolina Hurricanes ice hockey team. And they have had some success with horse racing: John W. Henry was national secretary of Thoroughbred Owners Association until 1999, when he became chairman of its board of directors.
From 2002 until 2021, this graph displays the worth of the Boston Red Sox franchise in Major League Baseball. The franchise was predicted to be worth 3.465 billion US dollars in 2021. The Boston Red Sox are owned by John Henry and Thomas Werner, who purchased the team in 2002 for 380 million US dollars.
The Boston Red Sox have won only 91 games since their last World Series title in 2004. However, they have appeared in the postseason every year since 2003 and have never been eliminated in any game. From 2002 to 2019, the Red Sox played in the American League East division with the New York Yankees, Tampa Bay Rays, and Baltimore Orioles. In 2020, they will play as a wild-card entry against either the Los Angeles Angels or Houston Astros.
The Chicago White Sox were originally known as the Black Sox before the 1919 World Series when it was discovered that they had used crooked players; thus, they were banned from baseball for life. The White Sox have not returned to the playoffs but have more recently competed in the AL Central division with the Cleveland Indians, Detroit Tigers, and Minnesota Twins.
The Texas Rangers were founded in 1882 and have always played in Arlington. They have never finished below second place in their division or lost more than 85 games in a season. The Rangers have also never appeared in the World Series but have often been involved in exciting playoff races.
$125,000 The New York Yankees big league baseball club announced the purchase of heavy-hitting outfielder George Herman "Babe" Ruth from the Boston Red Sox for $125,000 on January 5, 1920. The deal was approved by MLB owners during their spring meeting in Orlando, Florida.
Ruth had been drafted by the Red Sox right after they finished last in 1919, but he refused to be drafted into military service and became an outlaw. He was then offered $100,000 by the New York Yankees to play center field for them, but Ruth wanted much more money so he signed with the Red Sox' new ownership team, which was headed up by former Red Sox president Harry Frazee. The sale of Ruth to the Yankees was part of an agreement between the two teams that if one got too popular, the other would have to sell him off. The Yankees sold Ruth out of respect for the Red Sox who were now considered the favorite to win the World Series.
George Herman "Babe" Ruth (October 2, 1895 - April 6, 1948) was an American baseball player who played first base for the Boston Red Sox and the New York Yankees of the National League (NL) and the American League (AL). In his career, Ruth struck out only 12 times while batting over.300 five times.
After winning the 2013 World Series, the Boston Red Sox players were given $22,566,228.05. After they split it, each entire share was worth $307,322.68. (Some players are given half shares if they leave the squad before the playoffs.)
This means that a player with a full share received $416,837.72. This idea dates back to 1903, when a winning share was only valued $1,182. But don't players already get paid?
The sum of the bonus shares is released by the MLB in what is known as a "players' pool" following the World Series and is dependent on the amount of overall money from ticket sales received by the league during the postseason.
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