{"id":21973,"date":"2011-04-21T07:28:08","date_gmt":"2011-04-21T11:28:08","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=21973"},"modified":"2011-04-21T07:28:08","modified_gmt":"2011-04-21T11:28:08","slug":"when-hedge-fund-owners-invest-in-sports-teams","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2011\/when-hedge-fund-owners-invest-in-sports-teams.html","title":{"rendered":"When Hedge Fund Owners Invest in Sports Teams"},"content":{"rendered":"<p>Bloomberg &#8211; John W. Henry, founder of futures trader John W. Henry &amp; Co., became the principal owner of the Boston Red Sox in 2002. Two years later the team won its first World Series in 86 years. Three years after that it chalked up a second championship. While the Sox were winning, the firm&#8217;s assets were dwindling, falling to $319\u00a0million as of Apr.\u00a015 from a peak of $3.4\u00a0billion in 2005.<\/p>\n<p>James Pallotta, a Boston-based hedge fund manager who at his peak oversaw more than $11\u00a0billion, bought part of the Boston Celtics in December\u00a02002. Six years later the basketball team won the National Basketball Assn. championship. In June\u00a02009, following two years of losses, he closed his Raptor Global hedge funds.<\/p>\n<p><strong><a href=\"http:\/\/www.businessweek.com\/magazine\/content\/11_18\/b4226045041757.htm\" target=\"_blank\">Read Compete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; John W. Henry, founder of futures trader John W. Henry &amp; Co., became the principal owner of the Boston Red Sox in 2002. Two years later the team won its first World Series in 86 years. Three years [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21973","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=21973"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21973\/revisions"}],"predecessor-version":[{"id":21974,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21973\/revisions\/21974"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=21973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=21973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=21973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}