You might say this team is now a curse on the other clubs in Major League Baseball. Boston Red Sox Baseball Club operates one of the oldest and most storied sports franchises. Founded as a charter member of the American League in 1901, the team owns seven World Series titles but at one time suffered through an 86-year championship drought popularly attributed to "The Curse of the Bambino." Boston broke The Curse in 2004 and then won its seventh championship three years later. Red Sox fans root for their home team at venerable Fenway Park, the oldest pro baseball stadium in the country. Businessman John Henry leads a group that has owned the Red Sox franchise since 2002.
Boston's rise to the top ranks of baseball has come mostly thanks to the deep pockets of its owner, who has spent lavishly to stock the BoSox roster with talent. Henry, who previously controlled the Florida Marlins, and his partners paid about $660 million for the storied franchise, a record sum at the time for a baseball team. (That amount was surpassed in 2009 when Tom Ricketts purchased the Chicago Cubs for $840 million.) The new ownership group upgraded the team's 90-year-old stadium with new concessions areas and seats atop the Green Monster -- the left field wall which measures 37 feet high.
Henry's partnership, known as Fenway Sports Group, bought English Premier League soccer team Liverpool Football Club and its famous Anfield Stadium for $476 million in 2010. Fenway Sports Group also owns an 80% stake in New England Sports Network along with Boston Bruins owner Jeremy Jacobs.
After failing to make the playoffs in 2011, World Series-winning manager Terry Francona stepped down and renown general manager Theo Epstein left the Red Sox organization to run the Chicago Cubs. Longtime assistant GM Ben Charington took over as general manager for the 2012 season and the team named Bobby Valentine manager.
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