In the digital world of today, one can say almost nothing is local.
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If you make a certain type of statement, you can make a pretty good prediction of how George Steinbrenner will react.
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The fact is, LFC is going to require substantial investment, as did the Red Sox.
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If you build a 70,000-seat stadium it will cost much more than double to build than a 35,000-seater. The higher the seat the more expensive it is to construct.
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When I think of how special Anfield is and how special Liverpool is, everywhere around the world everyone is talking about Liverpool, it is because of the fan base.
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But NESV has always had debt from the first day we purchased the Red Sox. We have some partners who look at Internal Rate of Return (IRR) and almost demand that we have debt as a consequence.
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Back when I was an idealistic 18-year-old on my way to Chicago, I might have believed that being on the side of virtue would guarantee a good outcome. These many years later, I know better.
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I started John W. Henry & Company because I enjoyed applying mathematics to markets, and it was a profound challenge that resonated within me.