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!
Sep 21, 2014, 5:00 PM EDT
Yankees ace Masahiro Tanaka looked sharp Sunday in his first start since July 8, scattering five hits over 5 1/3 innings of one-run ball in a 5-2 win over the visiting Blue Jays. He struck out four batters, did not issue a walk, and only went to one three-ball count all afternoon.
Sep 21, 2014, 3:52 PM EDT
This sure looked like an RBI double for Kevin Frandsen of the Nationals before Marlins outfielder Enrique Hernandez raced to the corner and laid out to pull off a slick snowcone catch …
Sep 21, 2014, 2:45 PM EDT
Tigers right-hander Anibal Sanchez suffered a strained pectoral muscle on August 8 and then reaggravated it August 25. But he’s making swift progress now …
Sep 21, 2014, 1:53 PM EDT
Rangers outfielder Alex Rios hasn’t appeared in a game since September 4 due to a nagging right thumb injury, and he’s not going to be rushed back for the final week.
Sep 21, 2014, 1:08 PM EDT
Astros pitching coach Brent Strom announced Sunday that ace left-hander Dallas Keuchel won’t make another start this season.
Sep 21, 2014, 12:20 PM EDT
It’s been a lost season for the Yankees’ outfielder.
Sep 21, 2014, 11:33 AM EDT
A far more recent past than most people will admit.
Sep 21, 2014, 11:06 AM EDT
His presence will give the Nats a ton of flexibility down the stretch.
Sep 21, 2014, 10:40 AM EDT
Like we always say: he giveth and he taketh away. Yesterday he gaveth.
Sep 21, 2014, 10:00 AM EDT
He said it rather than tweeted it. Which is sad, because I had good money on it coming out “your just an idiot” if he had tweeted it.
Sep 21, 2014, 9:20 AM EDT
Bud Black will be back for year nine at the helm of the Padres.
Sep 21, 2014, 8:04 AM EDT
The Royals are not doing too well in the biggest series to hit Kansas City in 29 years.
Sep 20, 2014, 11:05 PM EDT
Nick Franklin hit the “C” ring catwalk at Tropicana Field with a deep fly ball to right field, which was initially ruled a home run. Replay review confirmed the ruling.
Sep 20, 2014, 10:15 PM EDT
The pitching-light Dodgers will have Jamey Wright make his second start in the last seven years on Sunday against the Cubs.
Sep 20, 2014, 10:10 PM EDT
Jerome Williams continued to pitch well for the Phillies, even notching a baseball first in the process of defeating the Athletics on Saturday.
Sep 20, 2014, 9:19 PM EDT
Matt Garza doesn’t hit many batters, but the right-hander managed to hit Andrew McCutchen twice in his start on Saturday.
Sep 20, 2014, 8:35 PM EDT
Mark Teixeira’s wrist injury flared up again, forcing him out of Saturday’s game against the Blue Jays in the fifth inning.
Sep 20, 2014, 7:45 PM EDT
Josh Hamilton has received a lot of pain-killing injections lately, as the veteran has battled shoulder and rib cage problems over the last two weeks.
Sep 20, 2014, 6:55 PM EDT
Jason Kipnis is listed as day-to-day with a sore right hamstring.
Sep 20, 2014, 6:05 PM EDT
Glen Perkins tried to tough out an injury and it didn’t go so well, but he seems to have learned his lesson.
- Must-click link: Tommy Harper and the Red Sox’ racist past 28
- Settling the Score: Saturday’s results 30
- Matt Garza ejected after hitting Andrew McCutchen a second time 33
- Tigers hang on for second straight win against Royals 8
- Phil Hughes could finish the season with the best K/BB ratio in MLB history 14
- Settling the Score: Friday’s results 26
- Clayton Kershaw wins his 20th game of the season 13
- Why are so many people acting like Bryce Harper is a bum? 81
- Geddy Lee’s baseball obsession makes it really hard for me to hate Rush (120)
- Ron Washington claims he resigned because he cheated on his wife (103)
- It certainly looks like Barry Bonds’ criminal conviction is going to be overturned (101)
- Umpire ejects jackwagon fan heckling Bryce Harper in Atlanta last night (85)
- And That Happened: Tuesday’s scores and highlights (83)