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Home MLB News Connors, Purcell Deny Interest in Purchasing Times Stake in Red Sox

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Connors, Purcell Deny Interest in Purchasing Times Stake in Red Sox PDF Print E-mail
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Written by Maury Brown   
Tuesday, 30 December 2008 18:27
Red Sox

Two potential bidders for the 17.5 percent stake owned by the New York Times Co. in New England Sports Ventures, which own the Boston Red Sox, Fenway Park, Fenway Sports Group (FSG), 80 percent of New England Sports Network (NESN) and 50 percent of Roush Fenway Racing, have denied having an interest in the purchase, according to Reuters.

Patrick Purcell, owner and publisher of the Globe's rival daily, the Boston Herald, said on Monday that he had not been approached by potential bidders for the Globe, nor has he contacted the New York Times to discuss buying the newspaper.

Former advertising executive Jack Connors, meanwhile, told the Boston Globe that he was not interested in the New York Times's properties.

Earlier this week, the Financial Times reported that Conners was an interested party in the stake in NESV.

The 17.5 percent stake in NESV could garner between $200-$225 million.

(Tip of the hat to Biz of Baseball author, Pete Toms)

Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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