Boston Red Sox Sold

The Boston Red Sox have been sold to John Henry and Tom Werner for an estimated $700 million - sale of course is pending Major League Baseball owners approval. It's doubtful either of these two gentlemen have $700 million just lying around waiting to be packaged and delivered to the current owners. Most likely some rather large loans will be taken out to pay for he team.

Here's were the Red Sox fans get involved. The new owners will need to begin paying off these loans and will probably raise ticket prices to cover the rather foolish agreement to PAY $700 million for a team that hasn't won a World Series since 1918 and has a payroll that even by MLB standards is excessive.

The way things are going in MLB, the fans will soon also have to start taking out loans to pay for tickets to see a game in person. Exactly where the fans will turn to pay off their baseball-ticket-loans remains to be seen.

12/21/01 ( 396 )
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