Gasper: "Henry bit off more than he can chew"

Gasper: "Henry bit off more than he can chew"
October 12, 2012, 11:13 pm
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What's a billionaire to do?

Reports are swirling that Red Sox owner John Henry is seeking a minority owner for the Fenway Sports Group. Not because Henry needs a fourth friend to hang out with him, Tom Werner and Larry Lucchino, but because of poor performance from Henry's investment company and to better finance his English football team, Liverpool F.C..

Felger shares this from the report: "Baseball executives say Henry is growing increasingly uncomfortable running two high-profile sports franchises that eat a lot of cash, without some help from outside."

In summary, "Henry's short on cash" says Felger. "If someone needs cash, isn't selling 250 million in salary a good way to help balance the books?"

Chris Gasper goes a step further, touching on one of the main concerns voiced when Henry first purchased the Liverpool soccer team.

"Everything they've ever told us... about the Liverpool soccer team being separate from the Red Sox does not matter. It all comes from the same source - the pockets of John Henry."

Gasper wonders if Liverpool wasn't in the picture, would Henry still need more money?

"He bit off more than he can chew."