JRY Trust

Last updated

The JRY Trust (originally JRY Corporation) was an American trust that owned the Boston Red Sox franchise within Major League Baseball (MLB) from 1992 through 2001. JRY were the initials of Jean R. Yawkey, who had ownership of the team, in part or in whole, from the July 1976 death of her husband, Tom Yawkey, until her own death in February 1992.

Following the death of Mr. Yawkey, the team was legally owned by his estate, and Mrs. Yawkey succeeded him as team president. [1] A purchase of the team from the estate was approved by the American League in May 1978, resulting in each of Mrs. Yawkey, Haywood Sullivan, and Buddy LeRoux having a one-third controlling interest in the team as general partners. [2] JRY Corporation was created to hold legal ownership of the team. [3] Following a failed attempt by LeRoux to take control of the team during the 1986 season, LeRoux sold his interest to Mrs. Yawkey in March 1987. [4] [5] Upon Mrs. Yawkey's death in February 1992, her holdings passed into the trust. [6] Sullivan retained his interest until being bought out by the trust in November 1993. [4]

The trust was headed by John Harrington, who also served as president of the Red Sox from 1987 to 2001. [1] In December 2001, the trust sold the Red Sox to John W. Henry and his group of investors, New England Sports Ventures (later known as Fenway Sports Group), with the sale becoming official in February 2002. [7]

Related Research Articles

<span class="mw-page-title-main">Boston Red Sox</span> American Major League Baseball franchise in Boston, MA (founded 1901)

The Boston Red Sox are an American professional baseball team based in Boston. The Red Sox compete in Major League Baseball (MLB) as a member club of the American League (AL) East division. Founded in 1901 as one of the American League's eight charter franchises, the Red Sox' home ballpark has been Fenway Park since 1912. The "Red Sox" name was chosen by the team owner, John I. Taylor, c. 1908, following the lead of previous teams that had been known as the "Boston Red Stockings," including the Boston Braves. The team has won nine World Series championships, tied for the third-most of any MLB team, and has played in 13 World Series. Their most recent World Series appearance and win was in 2018. In addition, they won the 1904 American League pennant, but were not able to defend their 1903 World Series championship when the New York Giants refused to participate in the 1904 World Series.

<span class="mw-page-title-main">Tom Yawkey</span> American industrialist

Thomas Austin Yawkey, born Thomas Yawkey Austin, was an American industrialist, philanthropist, conservationist and Major League Baseball executive. Born in Detroit, Yawkey became president of the Boston Red Sox in 1933 and was the sole owner of the team for 44 seasons until he died of leukemia. He was elected to the Baseball Hall of Fame in 1980.

<span class="mw-page-title-main">Jean R. Yawkey</span> American philanthropist and Major League Baseball owner

Jean Remington Yawkey was the wife of Tom Yawkey and owner of the Boston Red Sox from 1976 to her death in 1992.

<span class="mw-page-title-main">John W. Henry</span> American businessman

John William Henry II is an American businessman and investor and the founder of John W. Henry & Company, an investment management firm. He is the principal owner of Liverpool Football Club, the Boston Red Sox, The Boston Globe, and co-owner of RFK Racing. As of November 2021, Forbes estimated his net worth to be $3.6 billion.

<span class="mw-page-title-main">Ned Martin</span> American sportscaster

Edwin Martin III was an American sportscaster, known primarily as a play-by-play announcer for Major League Baseball's Boston Red Sox from 1961 to 1992.

<span class="mw-page-title-main">Haywood Sullivan</span> American baseball player, manager, and executive

Haywood Cooper Sullivan was an American college and professional baseball player who was a catcher, manager, general manager and club owner in Major League Baseball. From May 23, 1978, through November 23, 1993, he was a general partner in the Boston Red Sox, where he parlayed a $200,000 investment into a cash out of at least $12 million.

<span class="mw-page-title-main">Ben Mondor</span> Canadian-born American business executive and baseball executive

Bernard Georges "Ben" Mondor was a Canadian-born American business executive and baseball executive, best known as the owner of the Pawtucket Red Sox from 1977 until his death.

Richard Henry O'Connell was an American front office executive in Major League Baseball. He was executive vice president of the Boston Red Sox from 1961 through 1977 and served as general manager of the team from September 16, 1965, through October 24, 1977, a period during which he played a pivotal role in restoring the Red Sox to contending status, won two American League pennants, and helped make the team a flagship MLB franchise.

John Leo Harrington is an American retired business manager and former executive in Major League Baseball (MLB). He was president of the Boston Red Sox from 1987 through 2001, also acting as CEO during much of the time the Red Sox were owned by the JRY Trust (1992–2001).

<span class="mw-page-title-main">Old-Timers' Day</span> Major League Baseball tradition to honor retired players

Old-Timers' Day refers to a tradition in Major League Baseball where a team devotes the early afternoon preceding a weekend game to honor retired players who played for the organization during their careers. The retired players play in an exhibition game, usually lasting about three innings.

<span class="mw-page-title-main">Buddy LeRoux</span>

Edward Guy "Buddy" LeRoux Jr. was an American businessman, best known for his time as a general partner of the Boston Red Sox from May 1978 through March 1987.

The 1976 Boston Red Sox season was the 76th season in the franchise's Major League Baseball history. The Red Sox finished third in the American League East with a record of 83 wins and 79 losses, 15+1⁄2 games behind the New York Yankees, who went on to win the AL championship.

The 1983 Boston Red Sox season was the 83rd season in the franchise's Major League Baseball history. The Red Sox finished sixth in the American League East with a record of 78 wins and 84 losses, 20 games behind the Baltimore Orioles, who went on to win the 1983 World Series. It was the Red Sox' first losing season since 1966.

<span class="mw-page-title-main">Jersey Street (Boston)</span> Street in Boston, Massachusetts, U.S.

Jersey Street is a street in the Fenway–Kenmore neighborhood of Boston, Massachusetts, part of a scheme of alphabetical street names in Back Bay. It lies parallel to Ipswich Street and Kilmarnock Street, and runs from Brookline Avenue to Park Drive. Named in the late 1850s, the street's name is a reference to the sixth Earl of Jersey, George Augustus Frederick Child Villiers.

Fenway Sports Group Holdings, LLC (FSG), is an American multinational sports holding conglomerate who own Major League Baseball's Boston Red Sox, and the National Hockey League's Pittsburgh Penguins.

<span class="mw-page-title-main">Bill Yawkey</span> American business executive and baseball team owner

William Hoover Yawkey was an American business executive in the lumber and mining industries. He was the sole owner of the Detroit Tigers of the American League from 1903 through 1908, and majority owner from 1908 to 1919.

JRY may refer to:

Joe Mooney was an American groundskeeper who worked for the Boston Red Sox of Major League Baseball (MLB).

James Rogers Badgett Sr., sometimes spelled as Rodgers Badgett, was an American philanthropist and businessman involved in the construction, coal mining, oil and gas exploration, dredging, aviation, and automotive sales industries, and a key minority partner in the Boston Red Sox of Major League Baseball from 1978 through 1985. Born in Pettus, Arkansas, he graduated from Memphis' Messick High School and attended the University of Tennessee. He was a longtime resident of Madisonville, Kentucky.

References

  1. 1 2 "Club Executives" (PDF). Boston Red Sox Media Guide. Boston Red Sox. 2020. pp. 23–24. Archived from the original (PDF) on June 22, 2020. Retrieved September 21, 2020– via Wayback Machine.
  2. ↑ Gammons, Peter (May 24, 1978). "Sox owners eye 6000 new seats". The Boston Globe . p. 47. Retrieved October 25, 2022– via newspapers.com.
  3. ↑ Harvey, Joesph (June 6, 1978). "Contradiction in Sox sale?". The Boston Globe . p. 30. Retrieved October 24, 2022– via newspapers.com.
  4. 1 2 "Red Sox to have one owner". San Francisco Examiner . AP. November 24, 1993. p. D-5. Retrieved October 24, 2022– via newspapers.com.
  5. ↑ "LeRoux sells his share of Red Sox". The Boston Globe . March 31, 1987. p. 1. Retrieved October 24, 2022– via newspapers.com.
  6. ↑ Golden, Ed (March 22, 1992). "Jean Yawkey's will won't mean changes for Sox' organization". The Berkshire Eagle . Pittsfield, Massachusetts. p. C5. Retrieved October 24, 2022– via newspapers.com.
  7. ↑ Chass, Murray (2002-01-17). "BASEBALL; Owners Give Approval To Sale of the Red Sox". The New York Times. ISSN   0362-4331 . Retrieved 2019-10-15.
Preceded by Owner of the Boston Red Sox
February 26, 1992 – December 20, 2001
(with Haywood Sullivan, February 26, 1992 – November 23, 1993)		Succeeded by
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.