Red Sox Owner Offers to Buy Boston Globe

Tycoon wants NYT Co.'s 17.75% share of team
By Kevin Spak,  Newser Staff
Posted Apr 17, 2009 12:20 PM CDT
Boston Red Sox Chairman Tom Werner, left, Red Sox owner John Henry, center, and team President and CEO Larry Lucchino, right, take questions from members of the media, Feb. 18, 2009.   (AP Photo/Steven Senne)
camera-icon View 2 more images

(Newser) – The New York Times Company might be able kill two birds with one pitch. Red Sox principle owner John Henry recently told the company that he’d be willing to buy the Times’ 17.75% stake in the team, and that, if he did, the Times Co. could throw in the Boston Globe, sources tell the crosstown rival Boston Herald. No official offers have changed hands.

The Times Co. has been trying for a while to unload its share in the team, purchased for $75 million in 2002, and recently threatened to shutter the failing Globe. Henry, a billionaire business tycoon, wouldn’t say whether he was in talks with the Times but did tell the Herald's gossip columnists, “Baseball fans rely heavily on newspapers. No one wants to see a newspaper with a great, long-term history go away.”