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FBN's Charlie Gasparino breaks down the latest on the potential sale of the Boston Red Sox.
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New developments in a story fox this is very on Charlie Gasparino broke.
On this network.
Red Sox may be looking for buy into.
And -- for -- we love the story what's new Charlie.
That you know they keep denied it but the rumors keep coming back the speculation comes back and this is speculation from rival baseball owners this is what they're telling us.
As of yesterday that John Henry the owner principal owner of the Boston Red Sox.
He's not looking to sell at all but he is looking to sell at least apart a minority stake in the -- least that's what rival baseball owners.
-- we should point out that they we after.
About a date of going back and forth with the -- -- -- finally came back with you wouldn't comment today.
Where they're denying that they're even looking to sell a minority stake but I'll tell you this -- my sources.
-- -- rival baseball owners he's of people that go to the same cocktail parties and at the same commissioner meetings.
And they are saying that he's looking to sell a chunk of this thing minority stake.
It's not a dumb dumb thing to do you retain control.
And you get some wise you what why he's doing it that what that means the same reason we said before I mean this that he has financial pressures what are those financial -- Which whatever discussed a billionaire best know deputy da dip into his own -- -- pocket that.
To finance stuff but you know he's also -- he runs a financial company which is not have a very good year.
He also runs at Liverpool soccer team.
Which eats up a lot of cash.
-- got the Boston Red Sox and -- a lot of cash at that eaten up a lot of cash and have a business run and you know this is this is the theory why he's doing this.
I'll just point out he has I think he owns a NASCAR team which you might know about I don't nothing about Roush Fenway and it's on Jack -- payments of fourteen people Edwards isn't profitable what's that business like it's.
Just in general racing is not its -- -- -- OK so you got that it's not properly at the Boston Red Sox which -- in the stands at break even operation they bribe a little positive.
Liverpool the -- into soccer these days or do we not know well that's the question why people say he is and he asked the vote lifetime we should point out that.
He owns that new England sports network and 90% in -- That is hugely profitable and I could finance these operations obviously going forward.
As you know the Boston Red Sox is going to go with a tremendous.
Change I guess is is in nicely put -- the fire the manager the Bobby gosh yeah.
-- they got rid of two X 250 million dollars worth of players' salaries of an X how bad today's hot to -- -- I offer them and you know.
Whatever I've just give me the facts here or what I in the -- of the facts and he is the -- it will you know look listen.
The last time we did this story it was like the shot heard around home where at least out to new York and -- -- you're all over Boston talk radio I'm just gonna -- on -- get -- fans screaming -- -- but get out of bombs we we told the viewers here.
When -- told everybody as -- went on.
Is they were point blank denying it there denying it again.
-- you have cases -- there's so why do the story.
We do -- because the people told us our you -- -- people in the position about we discuss it with management here shall we go with this and listen.
You know it's it's an interest -- story take -- for what it's worth.
It does say something about baseball I think right now about the certain teams.
And the financial constraints on these teams -- very few teams -- the Yankees and yankees make a lot of money.
You know a lot of money TV I mean India Indian sports TV right and the Yankees have -- had yes right right they make a lot yet yes network or whatever it is just not an expert at a put whatever.
They make a lot of money not every teen can can make a lot of -- Red -- -- as -- -- in -- -- -- -- that's about process but remember this -- a financial guy who likes to you know it's ignorant George Steinbrenner for.
-- the alike to -- didn't didn't like them.
He was -- baseball owner yes this -- -- financial packets of interest and yeah it's always different -- Charlie thanks.
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