Red $ox Nation (Adjusted For Inflation)

Is it just me, or was anyone else surprised to learn that the Olde Towne Team’s value appreciated less than 10% over the past eight years?

Lede from Friday’s dead-tree edition of the Boston Herald:

A regulatory filing yesterday by the New York Times Co. shed light on the value of the Red Sox by noting that venture capitalist Henry McCance paid $9 million earlier this month for his 1.18 percent stake in the team’s parent company.

That could put the value of New England Sports Ventures – owner of the Sox, Fenway Park, 80 percent of sports network NESN and half of Roush Fenway Racing – at roughly $763 million . . .

Principal owner John Henry, Tom Werner and others paid $700 million for the Sox in 2002.

But wait . . .  inflation apparently set in between the Herald’s print piece and its website report.

Here’s the same lede from the dead-pixel edition of Friday’s Herald:

A regulatory filing yesterday by the New York Times [NYT] Co. shed light on the value of the Red Sox [team stats] by noting that venture capitalist Henry McCance paid $14 million earlier this month for his 1.18 percent stake in the team’s parent company.

That could put the value of New England Sports Ventures – owner of the Sox,Fenway Park [map], 80 percent of sports network NESN and half of Roush Fenway Racing – at roughly $1.2 billion.

Okay, so now venture capitalist Henry McCance paid $14 million (not $9 million) which makes the Sox worth $1.2 billion (not  $763 million).

Did the market move that much on Friday?

Or is the Herald engaged in revisionist cyber-history without acknowledging it?

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