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Article: Red Sox decline late offer for team
- Article from:
- Daily Breeze
- Article date:
- January 14, 2002
- Author:
CopyrightCopyright 2002 Daily Breeze. Provided by ProQuest LLC. (Hide copyright information)
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Red Sox decline late offer for team
The owners of the Boston Red Sox declined Sunday to pursue a late
$700 million offer to buy the team and they reconfirmed their Dec. 20
decision to accept a $660 million bid from a group led by Florida
financier John Henry.
"We always knew people would fight very hard to own the Red Sox,
and that emotions would run high. But enough is enough," Red Sox
chief executive John Harrington said in a statement. "It is obvious
that there will be another round of criticism from the disappointed.
So be it. This is the best decision for the trust and the foundation
because it has the highest probability of closing."
Harrington runs the Jean R. Yawkey Trust, which owns ...