Markets are really people.
In the digital world of today, one can say almost nothing is local.
If you make a certain type of statement, you can make a pretty good prediction of how George Steinbrenner will react.
The fact is, LFC is going to require substantial investment, as did the Red Sox.
If you build a 70,000-seat stadium it will cost much more than double to build than a 35,000-seater. The higher the seat the more expensive it is to construct.
When I think of how special Anfield is and how special Liverpool is, everywhere around the world everyone is talking about Liverpool, it is because of the fan base.
But NESV has always had debt from the first day we purchased the Red Sox. We have some partners who look at Internal Rate of Return (IRR) and almost demand that we have debt as a consequence.
Manchester United has done an incredible job of building a young, talented, deep squad.
Back when I was an idealistic 18-year-old on my way to Chicago, I might have believed that being on the side of virtue would guarantee a good outcome. These many years later, I know better.
I started John W. Henry & Company because I enjoyed applying mathematics to markets, and it was a profound challenge that resonated within me.
You cannot stick with the same media strategy forever any more than you can stick with the same football tactics forever.
Credit is probably more acceptable in American culture than elsewhere.
George Steinbrenner forever changed baseball and hopefully someday we will see him honored in baseball's Hall of Fame as one of the great figures in the history of sports.
I have been driven by causes in almost every major endeavor in my life, beginning when I was a 16-year-old in Southern California where I wrote and published my own newspaper.
When the Red Sox spent $300million on Adrian Gonzalez and Carl Crawford, Liverpool fans were irate. It actually should have been Boston fans.
LFC is not servicing debt other than stadium debt.
There was a lot of criticism in Boston that we weren't going to spend money on the Red Sox after we did the Liverpool transaction. Then there was the fear we wouldn't spend in Liverpool. Hopefully the fans of both clubs will eventually see what we see clearly - that there is nothing to fear from the existence of the other club.
I admire Arsenal very much, and part of that is that they are profitable.
I'm a tough manager. I question almost every assumption in what are hopefully pragmatic ways. The more you question, the more you learn and the more the person you are questioning learns.
Truth is, I prefer to think that I have joined the 'Globe,' not purchased it, because great institutions, public and private, have stewards, not owners.