Gasparino: Comcast Not in Talks to Buy Red Sox

This transcript is automatically generated

So -- owners of the Red Sox looking to sell the struggling team Charlie Gasparino broke the story and Fox Business yesterday owners are denying it.

That doesn't mean it's not happening as we well know Charlie -- -- joins us with more including I think -- would want -- I think QE3 is gonna bail out the Boston Red Sox I really do really we should point out that you know I just want to address something there will be in the last report.

QE1 didn't work its QE2 just didn't work in 0% short term interest rates and work.

You are pressing.

You know you're pushing on a string although blue dots would say that it to ensure that it saved us from going over a cliff and economies and -- -- up as the discussion or spokesman having Barack Obama would say that to edit the.

I think -- I think it had some impact.

But in terms of the our structural problems with this economy meaning too much regulation to -- taxes.

And -- got a president threatens the regulation taxes at every at every move that prevents businesses that can borrow from barring.

It makes banks even tighter no matter how much money you -- member of QE means you -- the securities from them -- flushed with cash they're not lending it out there's got there's a structural reasons that.

But anyway I really believe.

That QE3 might bail -- the Boston writes how self.

You know this isn't this is struggling T I mean you know I I don't know a lot about about baseball I mean you know -- -- come across a store you do your research start talking to people.

It's kind of interest in the owner and he's the one of these 21 names guys -- John -- right.

Hewlett France -- Is that how you act like a friend Charlie Gasparino -- have but anyway.

It's it's interesting because he -- he owns and an English soccer team that is the mirror image of this team.

Right lots of players overpaying for players not doing very well.

And they need to cut you and we should point out that if you look at the Boston Red Sox just purely as a business -- just.

Did a Bank of America thing where they just unloaded assets in loaded 250 million dollars of the players in contracts.

And when you look at this bitten the bigger story here I think is not.

That fact that -- just gonna -- think about how to which is pretty -- the fact is that this is a financially struggling.

Enterprise.

And as peaceful city.

That is like one of the good -- great peaceful cities we know and obviously one of the great franchises -- in the world the Boston Red Sox.

And one of the reasons why is because like when you look at the business that this guy Henry as he's got the Liverpool team over here.

He's got that commodities business which it's kind of you know an -- -- thing gets it -- you know he's going to website.

His funds aren't doing very well.

You put all that together it's kind of a Toxics -- -- right now and I think that is the biggest toward from a business standpoint is that the Boston Red Sox the Fenway investment group -- how this thing is that owns it.

Is is it looks like it's in trouble now he is not called me -- we have lots of calls -- and we we should -- -- the story it's kind of instinct.

We knew this would be the the answer -- the that they would go absolutely added their minds when this thing it which we which is what they did.

They'd -- night they just they went birthmark.

Preserve -- -- I mean apparently I was on.

Any talk radio show Boston sports talk radio -- -- He called it right after I would not mean this guy he's this because if -- you know if there's -- -- you know this is kind of like the epitome of overreaction.

And I will say this I'm telling -- we had this thing nailed down.

We knew how far to go out in terms of talking about it very early stage thinking about this issue.

I -- with his hands in the cookie jar and the lady -- -- lady but thou doth protest too much mr.

John Henry.

Yeah -- -- stir things happen you really deal.

Knowing -- -- better well but can we do hearings Charlie Gasparino thanks so much.

Watch Live

Gasparino: Comcast Not in Talks to Buy Red Sox

Details

Clips

Latest Video

Is Hewlett-Packard Tech’s Comeback Kid?

Is Gov't Going Too Far in Collecting Information?

Alberto Gonzales on the IRS Scandal

Special Prosecutor Likely in IRS Investigation?

Few Questions Answered in IRS Hearing?

IRS’ Lois Lerner Refuses to Testify

President to Blame for IRS Scandal?

‘Gang of 8’ Immigration Bill Heads to Senate

What’s the Best Airline for Your Next Trip?

Will IRS Scandal Mean Fewer Audits?

Is Your Health Insurer Watching You?

How Much Do Retailers Know About You?

Transcript

Recommended