Buckley: Henry's firm closing a 'red flag'
Fri, 9 Nov 2012|
John Henry's investment firm is shutting down, what does it mean for his sports ventures, chiefly the Red Sox?
I welcome back here Steve Buckley of The Herald -- now Wall Street Journal had a story out. The John W Henry and company trading firm those clients would no longer be managing your money is -- company. In 2006. Managed to point five billion dollars and reporting in general and emails that. Right now the -- or less than a hundred million this company. How does all of this affect the Red Sox if at all well if this is probably not the expert analysis you've brought in for but it's not good. It. You you like to think the Major League clubs flush with money. And I think if it was just that with a really good team VOK. Or the other way around but it's a really bad team. Rebuilding team. With concerns about the money and to me it has to be red flag I don't think -- say I think the thing otherwise would be disingenuous when you're you're talking about reports coming out maybe the Red Sox are looking to add a little bit more capital in this organization. Maybe another principal another apart camel or whatever it is. Does that concern you at all. While not why I think that would be good. And Knutson to bring in fresh capital means that there intent on keeping the product going -- -- the Red Sox. It's not just the Red Sox as you know it's the ballpark it's -- and it's. It's it's Roush racing it's a soccer club is a lot going on here there are many many different spoke in the wheels. And it just makes sense that bringing in fresh capital gives them the impetus to keep going and -- players and so forth but like I said. The layman's way -- looking at it right now is that he can't be a good thing for yes I think the Red Sox to spend money you know and if that payroll is what was last year just because they couldn't spend it all one offseason -- -- -- that I can do about it no absolutely not but they could still get there is talent out there it is just not the right now right -- -- -- David -- and -- arbitration. Read whatever might be your -- current contracts that have -- 1995 you know payroll right now I don't expect it to get. And at 150 range to be perfectly honest and another sixty million dollars certain players.