Red Sox Ownership Makes Strong Statement About Potential Sale
Boston Red Sox president Sam Kennedy made a strong statement about the ownership group's stance on a potential sale.
The Boston Red Sox, owned by the Henry family, have been a steadfast presence since their purchase by the Fenway Sports Group in 2002 for $660 million. They have since expanded their portfolio to include Liverpool, NASCAR's RFK Racing, Boston Common Golf, and Pittsburgh Penguins, though the Penguins have since been sold. Despite earlier fan calls for a sale due to their struggling performance this season, the Henry family has reaffirmed their stance that they will not sell the Red Sox.
The potential for a larger sale, such as the recent $22.5 billion transaction of the Los Angeles Lakers, highlights the increasing value of sports franchises. However, it remains uncertain if the Red Sox will ever break the record for the largest sale.
Written by urgent.news from Newsweek's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
