Three Bidders Say They Offered More Than Red Sox Owner For Globe
BOSTON (AP) _ Three bidders who fell short in their attempts to purchase The Boston Globe say they offered more than Red Sox owner John Henry’s winning $70 million bid.
Springfield television station owner John Gormally, West Coast investment executive Robert Loring and U-T San Diego chief executive John Lynch all said their bids bested Henry’s.
Lynch wondered how shareholders of the seller, The New York Times Company, would react after learning the company accepted a lower offer.
He and Gormally also criticized the bidding process, with Gormally saying he was kept in the dark for a week after the bid deadline until learning Henry was chosen in an early morning email.
In a statement, a Times Co. spokeswoman said Henry’s bid was selected after a “full and active sales process” and Henry was the best choice for shareholders.
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