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It just means that all the investors pulled their money out, not that they lost all but 100m.
Whoa. $2.5B to $100M! That's terrible. I'm not sure why this should affect the team though. The team is supposed to support itself anyway.
And someone whose money is in a decently stable business.
Now Liverpool is losing money as well
As I have been saying for several years, the Henry finances have been in trouble and this has affected the Red Sox. Now Liverpool is losing money as well, economy will be the watchword. Getting raid of the Gonzalez and Crawford contracts without suffering a PR hit shows the quality of therse people's PR operation, the one thing they're good at.
Since the current CBA makes it so attractive for teams to get below the luxury tax threshold, who knows what the actual motivation will be going forward.
True, but with reduced income from his investment business, Henry may need more income from the Red Sox to maintain his lifestyle. ... Might take a couple of off seasons to see if Henry's finances have impacted the Red Sox.
As I have been saying for several years, the Henry finances have been in trouble and this has affected the Red Sox.
Yeah, Red Sox fans can throw a whole slice of pizza and not worry about the cost.
Remember to point to these:
2008: Henry's broke, that's why we can't have Manny anymore!
2010: Henry's broke! No more spending on payroll!
Henry's funds were failing for many years. He went from a few billion under management in 2004 to $100 million in only eight years. It can be argued that he saw the end coming and reduced costs for the Red Sox. I don't think that is the case, but Henry's failing hedge fund business has been coming down the pike for a while.
The long term is the friend of the truly sklled investor, over time their results are more likely to demonstrate their skill, not unmask their luckiness.
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