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!
Jul 7, 2015, 7:45 PM EDT
Albert Pujols will participate in the 2015 Home Run Derby. It will be his fourth career appearance in the Derby.
Jul 7, 2015, 6:55 PM EDT
Jenrry Mejia is back with the Mets after missing 80 games due to a positive test for Stanozolol.
Jul 7, 2015, 6:05 PM EDT
Paulo Orlando did what kids pretend to do in their backyards: he hit a walk-off grand slam.
Jul 7, 2015, 4:30 PM EDT
On the bright side: he has his velocity back.
Jul 7, 2015, 4:10 PM EDT
Two key players are ready to rejoin the Yankees after missing extended time with injuries.
Jul 7, 2015, 3:57 PM EDT
He’ll likely be evaluated for a concussion.
Jul 7, 2015, 3:20 PM EDT
Yes, those are real people.
Jul 7, 2015, 2:25 PM EDT
He went 0-3 with a 6.56 ERA in five starts.
Jul 7, 2015, 1:17 PM EDT
Can you feel the excitement?
Jul 7, 2015, 12:30 PM EDT
There are guys who check stuff these days, Dave. So better to be vague.
Jul 7, 2015, 11:44 AM EDT
Jaso has been out since Opening Day with a bruised left wrist.
Jul 7, 2015, 11:20 AM EDT
Many have sured Major League Baseball over such things in the past.
Jul 7, 2015, 10:47 AM EDT
“I’ve always been straightforward that I want to go play for a contender and I’m not going to shy away from it.”
Jul 7, 2015, 10:30 AM EDT
And even Andrelton Simmons, the best defensive player in baseball, says he wouldn’t sit as close as that without protective netting.
Jul 7, 2015, 10:15 AM EDT
Odorizzi threw 5.2 shutout innings on 73 pitches in a minor-league rehab start Monday.
Jul 7, 2015, 8:58 AM EDT
Not that I’m gonna try to tell you how to play this game.
Jul 7, 2015, 8:28 AM EDT
Short version: Ned Yost thinks this is an actual baseball game!
Jul 7, 2015, 6:55 AM EDT
Not-an-All-Star Brian Dozier showed that, while his .500+ slugging percentage is apparently not worth a trip to Cincinnati, it’s worth something.
Jul 6, 2015, 11:19 PM EDT
White Sox ace Chris Sale entered tonight’s start against the Blue Jays with eight straight starts with 10 strikeouts or more, tying Pedro Martinez for the major league record. He fell a little bit short in his efforts of securing the record all for himself.
Jul 6, 2015, 10:26 PM EDT
Nolasco will have a bone fragment removed from his ankle.
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