Red Sox owner buys half of NASCAR team
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The Boston Red Sox's principal owner will buy half of the top team on the NASCAR racing circuit, Roush Racing, in the first investment by a major league baseball team in the country's fastest-growing sport.
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Lennar Corp. and LNR Property Corp. made big news in Boston last week when they agreed to buy Fan Pier for an estimated $125 million, but the purchase would not be the biggest deal for the Florida team.
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The Boston Red Sox won their first World Series title in 86 years, completing a four-game sweep of the St. Louis Cardinals with a 3-0 victory at Busch Stadium.
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While an official announcement has not been made, word spread yesterday at Daytona International Speedway that Fenway Sports Group, led by Red Sox owner John Henry, had completed a deal to purchase a 50 percent stake in the Roush Racing NASCAR team.
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As quickly as the new Red Sox owners delivered on their vow to produce a World Series victory, they have achieved a similar triumph in sports philanthropy, distributing more than $7.5 million to needy causes since they bought the team in 2002. The chief owners and their partners personally contributed nearly $5 million of the donated funds.
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British Columbia businessman Francesco Aquilini bought half of the Vancouver Canucks and General Motors Place arena from John McCaw of Seattle.
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You might hate his tactics and his team, but the New York Yankees owner is one heck of an investor.
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The loud lefty known for his unabashed love of Yankees history agreed Saturday to an $8 million, two-year contract with Boston that could be worth up to $18 million over two years.
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Chad Gifford, the influential Boston banker who sold FleetBoston Financial Corp. to Bank of America Corp. this year, will receive more than $16 million in severance pay when he retires in January, as well as access to a company jet and the right to purchase from the bank four tickets to 15 Red Sox games of his choice per year ...
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Amid reports Fenway Sports Group, a 50-50 partner in the Roush Fenway Racing team, had expressed an interest in purchasing his track, Bob Bahre , the 80-year-old chairman of New Hampshire International Speedway, predicted after yesterday's Sylvania 300 that his 1.058-mile oval "some day will be sold."
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BOSTON - Right-hander Matt Clement and the Boston Red Sox are closing on a three-year contract worth $25 million, according to the pitcherâs agent.
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VANCOUVER, British Columbia -- Local businessman Francesco Aquilini bought half of the Vancouver Canucks from American John McCaw.
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The Boston Red Sox have won the American League Championship Series and are heading to the World Series for the first time since 1986.
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The Toronto Blue Jays baseball team will buy their home stadium, the SkyDome, from closely held Sportsco International for C$25 million ($21 million), team owner Rogers Communications Inc.
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A group of investors led by Boston Red Sox owner John Henry has completed a deal to buy a 50 percent stake in the Roush Racing NASCAR team, a person familiar with the negotiations said Friday.
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The future looked a little brighter for Suffolk Downs racetrack yesterday, when a proposal to buy a majority interest (approximately 40 percent) by New York businessman Richard Fields was presented to the Massachusetts State Racing Commission for approval.
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A variety of Red Sox tickets went on sale yesterday, and now the defending champs have the cash flow to re-sign Pedro Martinez, Jason Varitek while hand-picking a shortstop.