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.
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.