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RED SOX PONDER STOCK SALE, MAY OFFER A PIECE OF NEW FENWAY
Published April 14, 1998
The Red Sox are "seriously considering" a public stock sale that would give buyers a piece of a new Fenway Park "but not the team," according to Will McDonough of the BOSTON GLOBE. While the Red Sox "do not want to give up any part of the team [they] would jump at an opportunity to sell stock in a new park if they felt it would give them a major financial boost" (Will McDonough, BOSTON GLOBE, 4/11). HUB NOTES: The Celtics have sold out 13 consecutive games at the FleetCenter, and 19 of their last 21 (THE DAILY). The GLOBE's McDonough added that with the success of the Celtics and Bruins this season, FleetCenter President Richard Krezwick "is breathing a little easier." Many of the original premium seat-holders have three-year contracts which expire August 31, and with both teams struggling last year, "renewals didn't look promising." Now, Krezwick said he is expecting 100% "renewals on the suites" (BOSTON GLOBE, 4/11). However, hockey writer Kevin Paul DuPont said the fact that the B's are averaging about 3,000 below capacity at the FleetCenter shows "that the average Boston hockey fan, contrary to decades past, won't put up an average of $50 to see just a good product" (BOSTON GLOBE, 4/11).