The owners of the Boston Red Sox are considering selling the franchise, according to a report.

The team is owned by the Fenway Sports Group.

The Red Sox have publicly denied that they are for sale. Reached Thursday, a spokesperson for the team said of the potential sale that “there is no truth to that rumor.” 

The owners, however, have been evaluating the market for a possible sale, with $1.3 billion as a target price.

The Red Sox recently traded away several high profile players to save $250 million through 2018.

Also likely weighing on the consideration to sell the team is the poor performance of Henry’s investment company, John Henry & Co. this year.