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Henry fined $500,000 for revenue-sharing comments

Posted on: March 1, 2011 9:07 pm
Edited on: March 1, 2011 9:11 pm
 

HenryBy Evan Brunell

John Henry has long been an outspoken opponent of revenue sharing, one of very few things that the Red Sox agree with the Yankees on, as Hank Steinbrenner had some choice words on the subject in February. In a radio interview with WEEI out of Boston Tuesday, Henry revealed he was fined $500,000 for comments related to revenue sharing made in 2009, as quoted in the Boston Globe.

"Change is needed and that is reflected by the fact that over a billion dollars have been paid to seven chronically uncompetitive teams, five of whom have had baseball’s highest operating profits," Henry says in the article. "Who, except these teams, can think this is a good idea?" 

Over a year later, Henry (photo, flanked by president Larry Lucchino on left and chairan Tom Werner on right) said "I made statements which turned out to be true, or at least there were various documents that were leaked after that." He is referring to the financial documents of a few baseball clubs that were leaked and showed high operating profits for certain clubs that publicly cried poor.

Henry also revealed the team received a letter after Steinbrenner's comments, warning them to keep their mouth shut.

"The large markets are not allowed to give their opinions," he said, saying baseball encourages small-market teams to do so. He declined to say why, but declined to say why although the answer seems clear: small-market clubs will promote the system as it directly benefits them.

Henry confirmed earlier revelations that Boston paid $85 million in revenue sharing, and this is on top of losing other assets that baseball draws into its general fund. Henry earlier purchased an English soccer club, Liverpool, and noted certain differences that can impact operating revenues of each respective club.

"There are a lot of other forms of revenue sharing that we don’t generally think about," Henry said. "Like with Liverpool, we own our hats and our jerseys and our marks and our stadium. But baseball, essentially, has all those rights. It’s another reason why we have been investing outside."

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Category: MLB
Comments

Since: Nov 14, 2007
Posted on: March 2, 2011 6:47 pm
 

Henry fined $500,000 for revenue-sharing comments

You can still love sex and masturbate, no rules against that.  Wasn't it the lead singer from Faith No More who claimed to enjoy masturbating more than sex with someone because he could do it to himself better than anyone else could?



Since: Dec 15, 2010
Posted on: March 2, 2011 3:44 pm
 

Henry fined $500,000 for revenue-sharing comments

Whatever happened to the 1st amendment?All he did was speak the truth.If MLB dont like whar he says, they should cleanm up their own act, fine themseves, and donate itto charity.




Since: Aug 13, 2009
Posted on: March 2, 2011 3:27 pm
 

Henry fined $500,000 for revenue-sharing comments

Henry fined $500,000 for revenue-sharing comments

I love it when people who say the hate baseball and will never watch it again spend time reading articles on baseball and even commenting on them.  That's like saying you hate sex but constantly masturbate.


I want to know if I love sex or not. I didnt think so I did until I read this comment because I mastubate about 10-15 x's a day.

thanks

Left wondering




Since: Mar 2, 2008
Posted on: March 2, 2011 2:36 pm
 

Henry fined $500,000 for revenue-sharing comments

I like his comments, Henry made very smart comments that showed how it is a few months later.  Now, Bud Selig & co., whom he employs should clearly be removed.  Fining someone for telling it how it is, clearly because it hurts your emo feelings as some lacky small market owner is truly dirsrespectful.  They got rid of Vincent for so much less.

Those seven small market teams needs to step up or simply be contracted.  Like how they will be doing it in the NBAs in a few seasons,l those teams simply don't use the moneys as was promoted by this Bud Selig guy & his lawyers.  Breach of the CBA it is.




Since: Aug 21, 2006
Posted on: March 2, 2011 2:30 pm
 

Henry fined $500,000 for revenue-sharing comments

Just another reason not to watch or follow MLB. 1994 killed it for me and I'll never come back.

So you only follow the articles? Dont waste your time actually watching the game though, just reading about it. Makes sense...



Since: Aug 21, 2006
Posted on: March 2, 2011 2:29 pm
 

Henry fined $500,000 for revenue-sharing comments

Maybe he should advocate getting rid of these 7 teams, and possibly more.  Does he think that would make his team and the league overall more valuable?

No. I think he wants those teams to spend that money to improve their own ball club, instead of their own bank account. Hes right. Thats why a cap will never work without a floor. Some owners are in this to win, some are in this to make money.



Since: Aug 1, 2008
Posted on: March 2, 2011 12:17 pm
 

Henry fined $500,000 for revenue-sharing comments

John Henry would have loved revenue sharing, had MLB not parachuted him out of South Florida and into the Boston goldmine.



Since: Nov 13, 2006
Posted on: March 2, 2011 10:09 am
 

Henry fined $500,000 for revenue-sharing comments

For years, people have been whining about there not being a salary cap in baseball. For me, I've never been sold that there is a need for one, when all it really needs is a salary floor of about $60-$70 million. The Red Sox or Yankees or whichever team you prefer should be able to say whatever they want regarding the ridiculous luxury tax policies of MLB, because it is obvious teams like Kansas City and Pittsburgh will forever pocket the money and laugh about it. Yeah, they get their heads beat in on the field year after year, but as long as they're allowed to double-dip, they're fine with that. Teams such as these cry foul every year, take the luxury tax money, and keep it for themselves rather than put a respectable product on the field, then follow it up by raking in the gate receipts from loyal fans who support them through thick and lots of thin. People can say all they want about the issues in MLB, but the luxury tax system isn't one of them, or at least wouldn't be if small market teams were forced to use their money - and believe me, they have the extra money to spare, despite what you may have heard...



Since: Nov 14, 2007
Posted on: March 2, 2011 7:49 am
 

Henry fined $500,000 for revenue-sharing comments

I love it when people who say the hate baseball and will never watch it again spend time reading articles on baseball and even commenting on them.  That's like saying you hate sex but constantly masturbate.



Since: Oct 6, 2006
Posted on: March 2, 2011 6:08 am
 

Henry fined $500,000 for revenue-sharing comments

Used to be a season ticket holder.The players greed and lack of respect for the game made me cut down to 5 or 10 games with the family. Now The GODS that run MLB have made me cut out baseball all together. Go TO Hell MLB. You'll never get another dime of my money. I'll make sure my Grandkids hate Major League Baseball. 


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