Red Sox Stake Could Bring $200 million to Ailing NY Times--Reuters

"Given the Boston club's strong finances, larger TV network holdings and other assets, including a stake in a NASCAR racing team, the Red Sox are worth $1.3 billion or more, analysts said. Accounting for the club's estimated debt, the Times stake could be worth more than $200 million.

• The Times could sell its stake back to current partners in the ownership group, friends or family of those partners, or turn to outsiders, analysts said. it could even sell multiple smaller stakes or retain a smaller share of the club.

The combination of the Red Sox's popularity and the small nature of the stake make it more likely a deal could get done.

• "There's so much quiet wealth in the Boston area, they may get close to full value even in this trying time," said Marc Ganis, president of Sportscorp Ltd, a sports business consulting firm in Chicago."...via Poynter.org/Romenesko

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