John Henry and his partners paid $660 million for the Boston Red Sox.
The Historic Acquisition of the Boston Red Sox
On February 27, 2002, John Henry, along with his partners, completed the acquisition of the Boston Red Sox baseball franchise. This landmark transaction marked a significant shift in the ownership of one of Major League Baseball's most storied teams.
The purchase price of $660 million set a new record for a sports franchise sale at the time. This acquisition ended an era spanning seven decades, during which the Red Sox had been under the ownership of the Yawkey family and its trust.
Acquisition Summary
The table below provides a concise overview of the key details regarding the Red Sox purchase:
| Detail | Information |
|---|---|
| Buyer | John Henry and his partners |
| Seller | Yawkey family and its trust |
| Purchase Price | $660 million |
| Date Completed | Wednesday, February 27, 2002 |
| Significance | Ended seven decades of ownership by the Yawkey family; set a new record for a sports franchise sale. |
This record-setting purchase laid the groundwork for a new chapter in Red Sox history, eventually leading to multiple World Series championships under the new ownership.
