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| (Photo Source: Boston Globe File Photo) |
Per Alex Speier of the Boston Globe,
the sale of the AAA Pawtucket Red Sox has been completed, and includes
minority ownership by the Boston Red Sox. The sale is expected to be
officially announced sometime today.
The Red Sox ownership group will work alongside local owners, and a move to Providence has been rumored.
The team will be purchased from principle owner Madeleine Mondor who
assumed control of the team after her husband Ben Mondor passed away in
2010. The team was on the brink of bankruptcy and potential relocation
when Mondor purchased the franchise in 1977.
The sale is the second minor league purchase for the Boston Red Sox
ownership group, who purchased the single-A Salem Red Sox in 2007.
Alongside prominent Rhode Island businessmen and attorneys, the Red Sox
owners’ will control a minority share of the PawSox unlike the majority
control they have in Salem.
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