The New York Times Co. is struggling to offload its shares in the Boston Red Sox. Three buyers snatched up a portion of the shares for $117 million in cash, but there is still a large chunk—almost half of the total shares that were up for grabs—that the NYT can’t seem to shake.
The shares of Fenway Sports Group that are on the block would be any sports fanatic's dream acquisition. The portfolio includes the Red Sox and Fenway Park itself, the English Premier League’s Liverpool Football Club, a majority stake in the New England Sports Network, and 50 percent of Nascar’s Roush Fenway Racing.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in