SBD/Issue 154/Franchises

Franchise Notes

The BOSTON HERALD reports a regulatory filing Thursday by the New York Times Co. "shed light on the value of the Red Sox." Venture capitalist Henry McCance paid $9M earlier this month for his 1.18% stake in the team's parent company, New England Sports Ventures, which also owns Fenway Park, 80% of NESN and 50% of Roush Fenway Racing. That would put the value of NESV at around $763M (BOSTON HERALD, 4/23). In Boston, Beth Healy notes the filing indicates that shares in NESV that "once went for $100,000 are now fetching about $280,000" (BOSTON GLOBE, 4/23).

Canadiens Offering Rebates On Officially Licensed
Sweaters In Exchange For Counterfeit Jerseys

GET REAL: In Montreal, David Johnston reports the Canadiens this week became the first NHL team to "start offering fans rebates on official licensed sweaters if they ... relinquish their counterfeit jerseys." The Canadiens are offering a C$100 rebate on authentic sweaters and C$50 for replica sweaters. The Habs Zone store at the Bell Centre sells authentic sweaters for C$299 and replicas for C$139. Johnston notes public response to the rebate offer so far "has been weak," but the team is "hoping that the anti-knockoff ads that they took out this week in major Montreal newspapers, and on the scoreboard at the Bell Centre" during Game Four of the Capitals-Canadiens Eastern Conference Quarterfinal series will "at least raise public awareness about knockoffs, which violate copyright law." The offer is "good only" at the Habs Zone at Bell Centre (Montreal GAZETTE, 4/23).

TAKING THE REINS: In Dallas, Evan Grant notes MLB is "taking on more and more responsibility where the Rangers are concerned." MLB "has been in control of most of the Rangers' financial matters for nearly a year now," and the real significance of Wednesday's statement that the league is taking over control of the sale of the club was "in its second half." Grant: "In saying the Commissioner would deal 'appropriately' with interference, it set the stage for the league to reclaim control of the franchise entirely and expedite the sale process" (DALLAS MORNING NEWS, 4/23).

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