Dec 20 2008
Snap! goes Mr. Henry…
The business of baseball looks more and more like a Ponzi scheme. Maybe John Henry has had enough of the absurdity. He organized a group of investors to buy the team for $700 million. They work around-the-clock to succeed in a very complex and competitive business, employ thousands of people, and in six years the team is worth $500 million more ($1.2 Billion). Perhaps Mr. Henry’s share is $200 Million. But then, Mr. Boras shows up with Teixeira, and wants one player to be guaranteed the equivalent before accomplishing anything at Fenway Park. Snap!
Listen to the Ghost of Johnny Most discuss the Celt's 2008 Season
