Sox: Henry is not in talks to buy The Globe
In a statement this morning, the Red Sox said principal owner John Henry is not engaged in talks to buy The Boston Globe. Recent published reports citing anonymous sources said Henry might be interested in owning the paper.
“Neither John Henry, Tom Werner, nor any affiliates of the Boston Red Sox are involved in any sales discussions or negotiations with regard to the acquisition of The Boston Globe,” the brief statement read.
The statement did not elaborate on whether Henry had in the past engaged in talks about buying the paper or if he might do so in the future.
The New York Times Co., which owns The Globe and a 17.75 percent stake in the Sox's parent company, is seeking $20 million in concessions from Globe unions by tomorrow to cut costs at the newspaper, which is reportedly on track to lose $85 million this year.
The Times Co. has threatened to shut down the paper if the unions do not agree to the cuts. Negotiations on union concessions were held last night and are continuing today.
(By Keith O'Brien, Globe staff)