May 24, 2012, 1:57 PM EST
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!
Mar 1, 2015, 7:10 PM EST
Yu Darvish was colorful in responding to critics who think he quit on the Rangers last year due to an elbow injury.
Mar 1, 2015, 6:05 PM EST
The Phillies kicked off the spring with a loss to a college team.
Mar 1, 2015, 3:24 PM EST
There’s been some talk that Angels right-hander Garrett Richards might be ready for the beginning of the 2015 regular season despite tearing the patellar tendon in his left knee last August. But manager Mike Scioscia put that to rest Sunday in camp …
Mar 1, 2015, 1:51 PM EST
MLB.com’s Joe Frisaro provides the visual evidence …
Mar 1, 2015, 11:33 AM EST
From the official Twitter account of the Los Angeles Dodgers …
Mar 1, 2015, 10:33 AM EST
Minoso, a native of Cuba, batted .298/.389/.459 with 1,963 hits, 186 home runs, and 1,023 RBI in parts of 17 major league seasons split between the Cleveland Indians, Chicago White Sox, St. Louis Cardinals, and Washington Senators.
Mar 1, 2015, 8:49 AM EST
Some highlights here from Rob Manfred’s sit-down Saturday at the Sloan Sports Analytics Conference …
Feb 28, 2015, 11:45 PM EST
The Padres signed outfielder Tyson Gillies to a minor league deal, perhaps hopeful he could turn his fortunes around with a new organization.
Feb 28, 2015, 10:40 PM EST
The Diamondbacks want Yasmany Tomas to get as many at-bats as possible during spring training, so he’ll be starting at both third base and in the outfield.
Feb 28, 2015, 9:35 PM EST
It’s odd to hear Jimmy Rollins say nice things about the Mets.
Feb 28, 2015, 8:27 PM EST
The Blue Jays brought in Dayan Viciedo to hold the fort until Michael Saunders returns from his knee injury.
Feb 28, 2015, 7:25 PM EST
Ruben Tejada has been something of a lightning rod, and he recently received criticism from a former teammate and mentor.
Feb 28, 2015, 6:20 PM EST
Josh Hamilton’s punishment for using a drug of abuse may end up not being much of a punishment at all.
Feb 28, 2015, 5:28 PM EST
Athletics outfielder Coco Crisp missed more than a week down the stretch in 2012 due to pinkeye and now he’s dealing with it again.
Feb 28, 2015, 4:19 PM EST
After trading the likes of Justin Upton, Jason Heyward, and Evan Gattis as well as adding a handful of veteran free agents, the Braves have a ton of new faces in camp this spring.
Feb 28, 2015, 3:15 PM EST
Marlins slugger Giancarlo Stanton had his season come to an end in horrific fashion last September when he suffered facial fractures and dental damage on a hit-by-pitch.
Feb 28, 2015, 2:18 PM EST
Juan Pierre showed his sense of humor on Twitter after announcing his retirement from baseball.
Feb 28, 2015, 1:31 PM EST
I guarantee you’ll learn something.
Feb 28, 2015, 1:03 PM EST
Sale suffered the injury unloading something off the back of his truck on Friday.
Feb 28, 2015, 12:10 PM EST
Chase Headley is expected to be the team’s regular third baseman this season, so Yankees manager Joe Girardi wants if Rodriguez can be a potential backup to Mark Teixeira.
- Blue Jays sign Dayan Viciedo to a minor league deal 7
- Chris Sale will be sidelined for three weeks with foot fracture 11
- Aramis Ramirez says 2015 will be his last year 32
- Francisco Rodriguez re-signs with the Brewers 9
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended 299
- Pirates open to massive extension for Andrew McCutchen 18
- Report: Josh Hamilton had a relapse this offseason that “involved at least cocaine” 86
- Yankees don’t plan on having to pay A-Rod’s $30 million in home run milestone bonuses 51
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended (299)
- San Francisco — and all of California — will consider a smokeless tobacco ban that includes MLB parks (131)
- Report: The Yankees were “fuming” at how A-Rod handled his early arrival to spring training (114)
- Cuban prospect Yoan Moncada reportedly signs with the Red Sox for $31.5 million, plus $31.5 million in penalties (106)
- Brian Sabean says that California taxes are a hindrance to the Giants signing free agents (102)