John W. Henry splashes cash to save Red Sox season…
The owners of Liverpool, John W Henry and his Fenway Sports Group, have proven their mighty financial clout by splashing $180m on their baseball franchise the Boston Red Sox, reports Bloomberg.
The Red Sox have been struggling badly, finishing last in the American League East Division – with a record of 71 wins and 91 losses. (Yes, that’s really how many games they play in a season!)
Free agents Pablo Sandoval and Hanley Ramirez have been signed for the mammoth fee, both of whom have won the prestigious World Series before.
As a result of the signings, the FSG franchise have gone in from 20-1 to 14-1 in the betting odds to win the World Series.
It’s pretty unclear as to what the spending means for Liverpool. The optimistic among us may choose to see that FSG were happy to shell out big cash to improve a struggling team, whereas the pessimistic might see the spending as in indication of our owner’s priorities.