John Nolte 8/3/13
http://www.breitbart.com/Big-Journalism/2013/08/03/New-york-times-sell-boston-globe-at-93-percent-loss

Three Groups Say They Topped Henry's Bid.

John Henry

From Wikipedia

John William Henry II (born September 13, 1949) is an American businessman and investor. He founded John W. Henry & Company (JWH). He is the principal owner of the The Boston Globe, Boston Red Sox and Liverpool Football Club, and co-owner of Roush Fenway Racing. In March 2006, Boston Magazine estimated his net worth at $1.1 billion but noted that his company had recently experienced difficulties. In November 2012, the company announced that it would stop managing clients' money by the end of the year, and John Henry confirmed that total assets under the firm's management had fallen from $2.5 billion in 2006 to less than $100 million as of late-2012.

Early life

John William Henry II was born on September 13, 1949 in Quincy, Illinois. His parents were soybean farmers, and he split his time growing up between Illinois and Arkansas. His asthmatic condition at the age of 15 prompted his family to move to Apple Valley, California. After his graduation from Victor Valley High School in Victorville, he attended Victor Valley College, then the University of California (at Riverside, Irvine, and Los Angeles), where he majored in philosophy but did not graduate.

Henry started trading corn and soybean futures to learn the basics of hedging the price risk of holding an inventory of these commodities, whether in storage or out in the field. In 1976, a commodities broker at Reynolds Securities asked him to advise other farmers, but he declined.

After spending a summer in Norway with his first wife, Mai, Henry developed a mechanical trend following method for managing a futures trading account. He tested his trend-reversal method—which was never out of the market but always held a position (either long or short) in every one of the markets in the account's "basket" of commodities—"using his own money" (in the words of his marketing literature of 1983). When that test proved successful, he founded JWH in 1981, opened a small office across the street from the airport in Irvine, California, and began marketing his management to the largest commodity brokerage firms in America. That proved so successful by 1983 that he moved to considerably larger quarters at Fashion Island in Newport Beach. In 1989, Henry moved to Westport, Connecticut. Two years later, Henry established a second office in Boca Raton.
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