Re: Liverpool Takeover Imminent?
Here are the 1. and 2. articles to explain John Henry's past financial problems: -
In March 2006, Boston Magazine estimated his net worth at $860 million, but noted that his company had recently experienced difficulties.[1] In May 2007, reports in the Wall Street Journal[2] and Bloomberg noted further difficulties with the firm.
1. <a class="postlink" href="http://www.bostonmagazine.com/articles/the_50_wealthiest_bostonians/page6" onclick="window.open(this.href);return false;">http://www.bostonmagazine.com/articles/ ... ians/page6</a>
21. John W. Henry
56, Brookline and Boca Raton, FL; principal owner, New England Sports Ventures; founder and chair, John W. Henry & Company
$840 million
After leading the group that bought the Red Sox in 2002 for $700 million — more than twice the highest previous price for a sports team — Henry has become our most famous snowbird. Sure, his $3.1 billion investment firm's funds reportedly lost $400 million in December alone, capping off its worst year ever. But Henry can spend the off-season in comfort on his $6.5 million Florida estate. During baseball season he docks his $34 million, 164-foot yacht, the Iroquois, at Rowes Wharf. And when he asks his guests to remove their shoes to protect the teak deck, he gives them red socks to wear.
2. <a class="postlink" href="http://online.wsj.com/article/SB118040164004016732.html" onclick="window.open(this.href);return false;">http://online.wsj.com/article/SB118040164004016732.html</a>
BY GREGORY ZUCKERMAN
John Henry's Boston Red Sox are in first place in baseball's American League East. But his investment firm is on a losing streak that has investors rushing for the exits.
Amid dreadful performance for more than a year, Merrill Lynch & Co. is pulling about $600 million of investment funds from Mr. Henry's firm at the end of this month. The move by Merrill, which has had an 11-year relationship with the firm, leaves John W. Henry & Co. with just about $500 million. About a year ago, Mr. Henry's firm, a managed-futures adviser -- a hedge-fund-like operation that bets ... (have to subscribe to read the full story).
