Owners' vote denies Dolan the Red Sox.(Cablevision Systems Corp. chairman Charles Dolan; vote favors John Henry)(Brief Article)
Multichannel News, January, 2002 by Farrell, Mike
Cablevision Systems Corp. chairman Charles Dolan's bid for the Boston Red Sox was thwarted by Major League Baseball owners last week, who voted to back the bid led by Florida financier John Henry. At their annual winter meeting last week in Phoenix, the owners approved Henry's $700 million bid for the team 29 to 0, with the New York Yankees abstaining.
The approval ends a nearly monthlong odyssey in which Dolan raised his bid twice to gain control of the team, Fenway Park and an 80 percent interest in New England Sports Network. Red Sox officials cited doubts that Dolan would pass muster with the owners, because of his media holdings and his brother's ownership of another MLB team, the Cleveland Indians. Henry -- who currently owns the...
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