Monday, August 08, 2011

It Must Be "Be Nice To Your Boss Day"

Shank covers the last game of the Yankees / Red Sox series and spots Carlos Slim in the stands:
You never know who’s going to show up when the Yankees play the Red Sox.

Take last night, for example. ESPN game. Sox and Yankees tied for first place. Two of the top three payrolls in baseball. Baltimore-style humidity. Four hours and 15 minutes of hardball tension. A stunning, walkoff win by the Sox when Josh Reddick singled home pinch runner Darnell McDonald in the 10th. And who do we get hanging around the Sox clubhouse late in the afternoon?

Mexican billionaire Carlos Slim. The richest man in the world.

Go ahead, look him up. According to Forbes, in March of 2011 Carlos was worth something north of $74 billion.

Carlos loaned the New York Times $250 million in January of 2009, which the Times is soon to repay in full. Until the debt is settled, Slim is indirectly connected to Red Sox ownership. The Times still owns 7.3 percent of the Sox, so you might say Carlos has a piece of John Henry’s team.
For some strange reason, Shank forgets to mention that the New York Times still owns the Globe, which may explain why Shank's blowing smoke up his ass. That, and the NYT is paying 14 percent interest on that loan, which is one of the reasons that company's on financial life support.

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