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View Full Version : Bids on Red Sox reach 800 million


Jerry_Manuel
01-14-2002, 11:01 PM
BOSTON -- Despite being rebuffed over the weekend in his attempt to submit a new bid for the Boston Red Sox, Charles Dolan once again has attempted to raise his offer for the club.

A spokesman for the John Henry group refutes Dolan's claim that the bidding has been reopened as a result of Henry's decision Monday to increase by $25 million his contribution to the Yawkey Trust for distribution among state and local charities.

"Any speculation that the Henry-[Tom] Werner Group has raised its bid since December 20, 2001, is erroneous," Joe Baerlein, spokesperson for the Henry-Werner group, said. "The Henry-Werner Group bid $700 million dollars on December 20, 2001. That offer was accepted on December 20, 2001, and that same offer was reaffirmed on January 13, 2002, by the limited partners and the Yawkey Trust."

Dolan said he is upping his offer $50 million to $790 million.

"I am hopeful that our new offer will be considered fairly, openly and by objective parties and that the discourse and information surrounding my offer will be worthy of the heritage of one of the world's great sports franchises," Dolan said in a statement.

Jodi D'Urso-Matthews of Bingham Dana, the firm that represents the Yawkey Trust, said the Trust and limiteds are discussing Dolan's attempt to submit a new bid and his claim that Henry made a new bid earlier Monday.

"As of right now," she said, "there is no confirmation of any reports that Mr. Dolan or Mr. Henry have increased their offers."

Late Monday evening, New York attorney Miles Prentice, whose $790 million bid also lost out to Henry on Dec. 20, sent a letter to Red Sox CEO John Harrington seeking to increase his offer to $795 million.

Paulwny
01-15-2002, 11:13 AM
The yankmees are now worth over a billion dollars.

nut_stock
01-15-2002, 11:55 AM
and don't forget, they've got a new stadium in the works too.

Paulwny
01-15-2002, 12:02 PM
Originally posted by nut_stock
and don't forget, they've got a new stadium in the works too.

I know all too well since part of my NYS tax will help fund the construction.

Jerry_Manuel
01-15-2002, 09:24 PM
Why doesn't Selig step in here and tell Mr. Dolan the bidding is over?

Daver
01-15-2002, 09:26 PM
Originally posted by Jerry_Manuel
Why doesn't Selig step in here and tell Mr. Dolan the bidding is over?

Because he is the "spineless wonder".

Jerry_Manuel
01-15-2002, 09:30 PM
Originally posted by daver
Because he is the "spineless wonder".

One would think that a car salesman would know when a deal is completed you can't sell the car to a customer who offers more money.

CLR01
01-15-2002, 09:43 PM
Originally posted by Jerry_Manuel
Why doesn't Selig step in here and tell Mr. Dolan the bidding is over?


Why should he do anything when he is going to get criticized for it either way.

Jerry_Manuel
01-15-2002, 09:44 PM
Originally posted by CLR01
Why should he do anything when he is going to get criticized for it either way.

Why would he be criticized? The bidding is over and he lost.

CLR01
01-15-2002, 09:56 PM
Originally posted by Jerry_Manuel


Why would he be criticized? The bidding is over and he lost.

If selig told Dolan to go away there would be people out there that would say the bidding was rigged, and it fits nicely to achieve his plan of contraction, that he is cutting off increased donations to the charities provided by the Yawkey trust, pretty much the same thing Harrington was getting criticized for. Besides shouldnt the overseers of the Yawkey trust and co be telling him its over and not the commish.

bjmarte
01-16-2002, 08:46 AM
Originally posted by CLR01

Besides shouldnt the overseers of the Yawkey trust and co be telling him its over and not the commish.

Excellent point. Shouldn't we expect people to do the right thing without an authority figure looking over their shoulder?