Looks like the Red Sox might be having a firesale too...

[Jitpal]

Just speculation on my part based on this quote:Link

According to reports from the financial press, Red Sox owner John Henry is in some trouble. Since December 2004, his main investment fund has lost 36 percent, and clients are running. The fund's assets have gone from $2.9 billion to $1.4 billion. Henry's own annual report revealed that half his clients have lost money.

He might need to sell and if he does they might need to have a firesale or something. Should be something to look out for especially with the mass amount of dollars they spent this offseason on Drew, Lugo and Matsuzaka. -Jitpal

[cmaff051]

Just speculation on my part based on this quote:Link

According to reports from the financial press, Red Sox owner John Henry is in some trouble. Since December 2004, his main investment fund has lost 36 percent, and clients are running. The fund's assets have gone from $2.9 billion to $1.4 billion. Henry's own annual report revealed that half his clients have lost money.

He might need to sell and if he does they might need to have a firesale or something. Should be something to look out for especially with the mass amount of dollars they spent this offseason on Drew, Lugo and Matsuzaka. -Jitpal

What other assets does he have other than the Red Sox? I would imagine that the Red Sox franchise would be the last asset to take a hit because it's just so profitable.

[Jitpal]

I can see the headline now:
"John Henry trades David Ortiz for 10 million dollars to the Yankees"
The sub-headline below it:
"Ortiz swears the Red Sox will never win another world series without him"
-Jitpal

[ccvle]

what type of investment was he making? The US equity market has been sizzling hot the past couple of years.

[cmaff051]

I wonder if they are going to cut costs by taking Sam Perlozzo off the payroll?

[Markos]

Well first of all thats a fund that his company manages, it clearly says that its his clients who are losing money....He still gets their commisions. If he stops getting money from that source he has several more profitable, (including the Sox)

But I guess your assumptions are right, dont forget that a few weeks ago he offered "only" 18 million for roger clemens.....not the more fair rate of 28 million

[throwbackewing33]

I dont think the red sox are in trouble. this obviously didnt happen over night and the red sox made some big investments in players in the offseason showing that they are not THAT tight with money.