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EMC Tycoon Possible Red Sox Buyer

December 8, 2000

BOSTON (AP) _ Roger Marino, a high-tech tycoon who previously owned the Pittsburgh Penguins, says he is one of the bidders to buy the Boston Red Sox.

Marino made his fortune as co-founder of EMC Corp. of Hopkinton, a computer company. In recent years, he has invested in a variety of ventures, including StorageNetworks Inc., a data storage firm. He owned the NHL’s Penguins for 2 1/2 years.

Marino didn’t immediately return a telephone message left for him on Friday. But he told The Boston Globe he had filled out the application to bid.

Red Sox spokeswoman Jodi Powell said the team would not comment on potential bidders.

The Yawkey Trust, which is selling its majority stake in the team, has received dozens of the applications, but Marino was the first applicant to confirm his intentions publicly.

Justin Morreale, a lawyer representing the Yawkey Trust, didn’t immediately return a telephone message Friday.

The Yawkey Trust’s 53.5 percent interest in the team could cost $300 million to $500 million, the Globe reported.

Marino took the Penguins into bankruptcy court in 1998 for protection from creditors. The team was eventually bought by hockey great Mario Lemieux.

At the time of the bankruptcy filing, Marino, who was co-owner of the team with movie producer Howard Baldwin, cited losses of $37.5 million over the last two seasons.

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