Friday, November 9, 2012

Sox Owner Henry Shuts Down Investment Firm

Red Sox principal owner John Henry today shut down his Florida-based investment firm. The company's assets have gone from $2.5 billion to under $100 million in the wake of the financial crisis that started in 2008. This action will inevitably fuel the rumors that Henry is planning to unload all or part of his equity position in the Red Sox. Henry has denied these rumors in the past, but this new reality may change things.