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Deadline Approaches for Fenway Bids

BOSTON-Would-be purchasers of the Red Sox have until tomorrow to submit their bids. Key to any deal is the fate of Fenway, which insiders see as a financial albatross.

By Sam Zisblatt | Updated on November 28, 2001

BOSTON-As the deadline approaches for bona fide bidders for the Boston Red Sox Baseball team, would-be owners will have to take into account what they would do about the stadium. A group of activists called the Fenway Action Coalition opposes any redevelopment of the Ballpark or the area.

With the Yawkey Trust’s 53% interest in the team valued at approximately $300 million, any new owner would want to recoup some of that through luxury box sales and a larger ballpark. Other plans floated would move the team to another part of the city should the buyer be unable to redevelop the area. The team had stated that the deadline for bidding was Thursday, Nov. 29. Calls to the Red Sox organization were not returned.

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