BOSTON--Ed Eskandarian has joined a group of investors bidding to buy the Boston Red Sox, sources said.
Eskandarian, CEO and chairman of the Arnold worldwide network, a unit of Havas Advertising, is part of a venture led by television producer and former San Diego Padres owner Tom Werner and Maine entrepreneur Les Otten, sources said. Werner and Otten have declined to name their partners and neither a spokesperson for the group nor Eskandarian could immediately be reached for comment.
The Werner/Otten venture is among a half-dozen bidders that have made offers in excess of $300 million to acquire a controlling stake in the baseball team. The group's bid also includes a plan to rebuild historic Fenway Park on its current site. A seventh bid is expected from a local real estate developer.
Eskandarian's former boss, Dan Snyder, is majority owner of the Washington Redskins. Eskandarian sold Arnold to Snyder Communications in 1998; Snyder was subsequently acquired by Paris-based Havas late last year for $2.1 billion.