Foley
Third String But Playing on Special Teams
- Joined
- Jun 14, 2006
- Messages
- 560
- Reaction score
- 35
You're arguing two different things. John Henry is not losing money. New England Sports Ventures is doing quite well. The Red Sox, one of the entities owned by NESV, are losing money. They are not a cash cow.I can't believe you actually buy that BS. Every team will cry about losing money when they don't. The Yankees cried too, and it's total BS. These owners make money in so many other area's, with network revenue's, merchandising, etc.
The Redsox lose money like the Yankees do.
If NESV consisted of only the Red Sox ownership of Henry, Lucchino and Werner then you could argue that NESVs profits = Red Sox profits. But that is not the case. NESV consists of a number of investors and partners who have absolutely no desire to spend their investments on the Red Sox. Do you think that the New York Times Company (who until recently owned 17.5% of NESV) gave a crap about spending money on the Red Sox? Henry cannot spend all the revenue from NESN on the Red Sox, because not all of it is his.
As far as merchandise... all teams make the same amount in merchandising. Other than merchandise purchased in stores privately owned by the team, all merchandise revenue is split up equally among all teams. Stuff purchased at mlb.com, sporting goods stores, and anywhere else will benefit the Red Sox as much as it does the Pirates.
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