Boston Red Sox Owners Are Proving To Be Great Value Investors
Apr. 18 2011 - 12:16 pm
By MIKE OZANIAN


Last November Boston Red Sox controlling owner and billionaire John Henry “stole” Liverpool, one of the world’s most iconic soccer clubs, for just $476 million. Now a group led by Red Sox minority owner Thomas DiBenedetto has acquired a 67% stake in As Roma, another famous soccer brand, for just $87 million.

Like Liverpool prior to Henry’s purchase, AS Roma’s owners are having debt problems. But all the ingredients for a financial windfall are in place: a stadium that can hold a maximum of 72,698; a huge, passionate rivalry with Lazio; a long history that includes three Serie A championships (most recently in 2000-01), eight Coppa Italia (the last in 2006-07) and one Champions League final.

Henry bought the Red Sox and 80% of New England Sports Network for $380 million in 2002 and the team is now worth $912 million. He wiped Liverpool’s balance sheet clean, gave LeBron James a tiny sliver, and the club is now worth $552 million. After AS Roma’s gets an overhaul its valuation will dwarf its current enterprise value of $185 million too.

Smart guys these Red Sox investors


http://blogs.forbes.com/mikeoz...eat-value-investors/