"I am delighted to recommend the John Henry Group to Major League Baseball as the next owner of the Red Sox," Boston CEO John Harrington said. "I am highly confident that, if approved by Major League Baseball, John Henry and his group will be outstanding owners who will carry on the Yawkey tradition of fielding a competitive team."
The price offered for the franchise, rumored to be $600 million, will break all records for the sale of a baseball team.
One of baseball's most stories franchises, the Red Sox have been in the Yawkey family since the Great Depression. The new ownership group is a mix and match of personalities, including Henry, Hollywood producer Tom Werner, former politician George Mitchell and the New York Times.
Boston has appeared in four World Series since 1918, losing each in a decisive seventh game.