May 24, 2012, 1:57 PM EDT
UPDATE: Apparently the “Yankees could be sold” thing is a rumor so baseless that even MLB has issued a statement on the thing:
“Major League Baseball has received no indications from any representatives of the New York Yankees or anyone else that the Club is for sale.”
So, in addition to the owners calling the news story “fiction,” there being no practical way for the team to be sold due to tax consequences and one of the writers of the article itself all but admitting it’s bull, the league has called it nonsense.
Good work, Daily News! Please remember this the next time one of the people who work for you point at some internet writer and accuse them of ruining journalism.
9:01 AM: I tell ya, if George Steinbrenner were alive he’d be so mad at how the Yankees have been playing he’d get rid of the team! THE ENTIRE TEAM!
Rumors are flying in Major League Baseball and New York banking circles that the family that has owned Major League Baseball’s premiere franchise since Cleveland shipbuilder George Steinbrenner purchased the club for $8.8 million in 1973 is exploring the possibility of selling the Yankees.
Multiple baseball and finance sources told the Daily News they are hearing that the team the Steinbrenner family has led to seven World Series titles could be put on the block in the wake of the record sale price of $2.175 billion the Los Angeles Dodgers went for in April.
While it would seem to make decent financial sense to at least consider the possibility — if the Dodgers are worth a couple of billion the Yankees have to be worth more and, really, how much higher can franchise values go? — team president Randy Levine denied the rumors, saying that “there is absolutely, positively nothing to this.” Hal Steinbrenner called it “complete fiction.”
What’s more, the speculation in the article about it being a good time because the team is aging should probably be ignored. Because really, the value of the Yankees is not something that is going to crater or peak based on a ten-game swing of wins from one year to the rest. If they are ever sold it will be because someone is valuing them as an enduring entertainment and marketing brand, not as a team that, in a given year, may contend in the AL East.
That said, (a) if I was thinking of selling the team I wouldn’t admit it either; and (b) again, how much higher can franchise values climb? If someone wanted to give you, I dunno, three billion for the Yankees, wouldn’t you be an idiot not to take it? That’s the likely source of this stuff — banker speculation and out-of-the-loop figurin’, not any real interest on the Yankees part to sell.
UPDATE: This seems to have less meat to it than a vegan cookout:
Multi-generational trusts set up by GSteinbrenner for heirs virtually preclude sale of Yanks; even if sold, heirs would incur huge tax bite
— Richard Sandomir (@RichSandomir) May 24, 2012
But hey, it’s fun to make stuff up too. Also: Bill Madden of the Daily News is apparently on New York radio this morning being asked about it and people who are listening are saying that he’s all but saying it’s a b.s. story but is stopping just short given that, you know,
his colleagues wrote it. Oh, wait, his name is second on the byline. Great job, Spink Award Winning Writer Bill Madden!
May 24, 2015, 6:05 PM EDT
The Rangers added bullpen depth on Sunday, signing reliever Jared Burton to a minor league contract.
May 24, 2015, 5:18 PM EDT
Gonzales pitched well in his latest outing for Memphis, striking out seven and allowing only one run over six innings, and he was almost certain to be the next man up for the St. Louis rotation.
May 24, 2015, 4:04 PM EDT
Varvaro is now on the disabled list with the Red Sox and won’t pitch again this season. The 30-year-old had an impressive 2.63 ERA, 1.079 WHIP, and 50/13 K/BB ratio in 54 2/3 innings last summer with the Braves.
May 24, 2015, 3:17 PM EDT
The game before the game.
May 24, 2015, 2:31 PM EDT
San Francisco acquired Casey McGehee from the Marlins in December to effectively replace Pablo Sandoval at third base, but the 32-year-old woke up Sunday with a brutal .200/.254/.282 batting line and he had tallied just nine RBI in 35 games.
May 24, 2015, 2:08 PM EDT
Steven Souza appeared to have a clear path to the plate — at least the outside of the plate — yet went right for Stephen Vogt with his elbow raised.
May 24, 2015, 1:25 PM EDT
Kyle Lobstein made the Tigers’ starting rotation out of spring training with Justin Verlander (triceps) ticketed for the disabled list. But that spot will now go to right-hander Buck Farmer because Lobstein needs a disabled list stint of his own.
May 24, 2015, 12:32 PM EDT
Victorino has appeared in just 50 of a possible 205 games over the last two seasons due to a variety of leg and back problems.
May 24, 2015, 11:45 AM EDT
Really cool feature here from MLB Network on Mitch Harris’ unique path from the United States Naval Academy to a bullpen job with the NL Central-leading St. Louis Cardinals …
May 24, 2015, 10:59 AM EDT
Gomes, 27, batted .278/.313/.472 with 21 home runs and 74 RBI in 135 games last season for the Tribe, earning his first Silver Slugger Award. Cleveland (17-23) could use a big offensive boost right about now.
May 24, 2015, 10:04 AM EDT
Miami defeated Baltimore to snap an eight-game losing streak late Saturday night on a Martin Prado walkoff RBI single in the bottom of the 13th inning.
May 24, 2015, 9:21 AM EDT
Rizzo also hit a three-run double in the fifth, finishing the game with a career-high-tying six RBI.
May 24, 2015, 8:37 AM EDT
Your box scores and recaps from Saturday …
May 23, 2015, 11:25 PM EDT
Joey Votto made an unorthodox throw to help turn a double play against the Indians on Saturday.
May 23, 2015, 10:47 PM EDT
Brian Matusz is the second lefty reliever to be ejected for having a foreign substance on his arm.
May 23, 2015, 10:40 PM EDT
The Marlins were considering upgrading their bullpen with Jonathan Papelbon.
May 23, 2015, 9:58 PM EDT
Josh Hamilton will be added to the Rangers’ roster on Monday.
May 23, 2015, 9:25 PM EDT
Paul Konerko was honored before Saturday’s Twins/White Sox game as his number 14 was retired.
May 23, 2015, 8:35 PM EDT
Yasmani Grandal was hit by a backswing on Friday and will spend at least a week on the bench to recuperate.
May 23, 2015, 7:45 PM EDT
A pair of previously injured and aging first basemen have performed well as baseball’s second month nears its conclusion.
- Giants designate Casey McGehee for assignment 15
- Yan Gomes returns to the Indians’ lineup after missing six weeks with a sprained right knee 0
- Marlins jump in Clevelander pool after snapping losing streak 19
- Settling the Score: Saturday’s results 17
- Brian Matusz was ejected for having a foreign substance on his arm 37
- Josh Hamilton will join the Rangers on Monday 6
- UPDATE: David Wright diagnosed with spinal stenosis 23
- Settling the Score: Friday’s results 39
- And That Happened: Wednesday’s scores and highlights (133)
- Bryce Harper on Marvin Hudson ejection: “I don’t think 40,000 people came to watch him ump” (132)
- Bryce Harper ejected for second time in a week (122)
- GM Dan Jennings to be named the Marlins new manager. And it’s a terrible idea. (111)
- And That Happened: Tuesday’s scores and highlights (101)