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BOSTON-After weeks of rumor and speculation Frank McCourt is going to bid on the Boston Red Sox. The Yawkey Family Trust’s 53% stake in the team has been up for sale for a number of months. The move is significant because the new controlling owner of the team will most likely decide where its new ballpark will be. McCourt, the potential seventh bidder in the team auction, has been touting his waterfront property here in South Boston as the perfect location for the Red Sox’s new home.

Charlie Kenney, McCourt’s spokesperson, confirms for GlobeSt.com that McCourt is going to submit the required application within the next few days after which McCourt has to be cleared by Major League Baseball. Kenney declined to specify whether McCourt has any partners in the pursuit of the Sox. “Once we are in the process we can’t talk at all about it,” Kenney tells GlobeSt.com. Reportedly, the stake in the team is expected to go for at least $400 million.

When asked why McCourt is bidding on the Sox now Kenney adds, “Its pretty obvious why”, referring to McCourt’s desire to build the park on his property. “We really felt like we have gotten to the point in our work with South Boston community where we were very encouraged. We continue to have meetings and the deadline was approaching,” he says.

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