New York Times sells part of stake in Red Sox

Leave a comment

Back in 2002 the New York Times bought 17.75 percent of the Boston Red Sox (along with Fenway Park, the New England Sports Network, and a few other properties) as part of an investment group led by principal owner John Henry.
Eight years later the newspaper has sold off 1.18 percent of New England Sports Ventures to “a venture capitalist” named Henry F. McCance. No word yet on the sale price, but according a report about the New York Times in the New York Times the newspaper initially paid $75 million for the 17.75-percent stake in 2002.
Richard Perez-Pena writes that the newspaper was “eager to marshal cash and shed non-core investments in a rough time for the newspaper business, the Times Company began looking for a buyer about a year and a half ago, hoping to sell its entire stake.” Or maybe they just didn’t like the John Lackey signing.
Oh, and as an added twist, the New York Times actually owns the Boston Globe, which of course covers the Red Sox.

Walt Weiss returning as Rockies manager in 2016

Walt Weiss
AP Photo/David Zalubowski
Leave a comment

As first reported by FOX Sports’ Ken Rosenthal, the Rockies have decided to bring back manager Walt Weiss for the 2016 season — the final year of a three-year deal he signed after his debut season in 2013.

Weiss carries a rough 208-278 managerial record through his first three years at the helm for Colorado, but it’s not like the rosters he’s been managing have been built to win.

The biggest need for the Rockies this winter is pitching — both starters and relievers — and general manager Jeff Bridich is also being retained for the 2016 season to try to find some.

Colorado’s starters and relievers combined for a 5.04 ERA in 2015, worst in MLB.

Colorado’s offense produced 737 runs, ranking fifth in the major leagues.

Astros flashing power early in AL Wild Card Game

Colby Rasmus
AP Photo/Kathy Willens

Houston got on the board first in Tuesday night’s American League Wild Card Game at Yankee Stadium when Colby Rasmus led off the top of the second inning with a solo home run to deep right field against Masahiro Tanaka.

It was the first career postseason homer for Rasmus, whose only other postseason experience came in 2009 with St. Louis. He slugged 25 home runs during the 2015 regular season and will be looking to cash in as a free agent whenever the Astros’ postseason runs come to an end. A big October (and perhaps early November) would obviously help that.

Tanaka retired the next two batters after the Rasmus bomb, but he gave up a single and two walks to load the bases before eventually inducing an inning-ending fielder’s choice groundout from Jose Altuve. Tanaka’s shakiness extended into the third and fourth innings, with Carlos Gomez adding a solo shot to left field in the top of the fourth.

Houston leads 2-0 heading into the bottom of the fifth. Astros starter Dallas Keuchel has looked sharp on three days of rest, tallying five strikeouts through four scoreless frames.