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!
Apr 19, 2014, 3:24 AM EDT
Can’t someone please write these things down so we can all keep track?
Apr 19, 2014, 12:10 AM EDT
One of baseball’s older cliches came true on Friday night thanks to Martin Maldonado.
Apr 18, 2014, 11:55 PM EDT
The Blue Jays get a shortstop back, but lose their designated hitter.
Apr 18, 2014, 11:20 PM EDT
Jeff Samardzija unselfishly wants to get paid. It’s not as crazy as it sounds.
Apr 18, 2014, 10:50 PM EDT
Giancarlo Stanton does Giancarlo Stanton things.
Apr 18, 2014, 10:30 PM EDT
After consistent battles with his control, Donnie Veal ran out of chances with the White Sox.
Apr 18, 2014, 9:55 PM EDT
Jason Bartlett will call it quits after playing shortstop in the big leagues over ten seasons.
Apr 18, 2014, 9:19 PM EDT
One of the most unlikely pitchers to throw a no-hitter is working on a no-hitter.
Apr 18, 2014, 9:00 PM EDT
The Brewers got their first round pick from the 2006 draft back.
Apr 18, 2014, 8:15 PM EDT
The Diamondbacks will get some power back in their lineup as Cody Ross returns.
Apr 18, 2014, 7:35 PM EDT
Ryan Roberts wasn’t hitting; Brock Holt was, so the Red Sox decided to make a change with Will Middlebrooks still recovering from an injury.
Apr 18, 2014, 6:52 PM EDT
The Pirates and Mets each address their problems with an Ike Davis trade.
Apr 18, 2014, 6:10 PM EDT
Hanley Ramirez only spent one day out of the lineup after being hit in the hand with a fastball.
Apr 18, 2014, 6:05 PM EDT
Manny Machado could soon take the next step towards returning to third base for the Orioles.
Apr 18, 2014, 4:48 PM EDT
Left-hander Sean Doolittle and the A’s have agreed to a long-term contract that runs through at least 2018, with team options for 2019 and 2020.
Apr 18, 2014, 4:31 PM EDT
Don’t look at me that way. It’s late afternoon on a Friday that a lot of people have off work. There’s a Reds-Cubs game one. Motivation is kinda hard to come by. Besides, this is kinda mesmerizing.
Apr 18, 2014, 4:22 PM EDT
This morning I wrote about how the Rangers had to be considering removing Tanner Scheppers from the rotation given his awful performance through four starts and now they’ve placed him on the disabled list with elbow inflammation.
Apr 18, 2014, 3:59 PM EDT
Dat Dude back pain.
Apr 18, 2014, 3:32 PM EDT
Out since February with a strained tendon in his middle finger, Mariners right-hander Hisashi Iwakuma threw a simulated game today without any problems and has been cleared to begin a minor-league rehab assignment.
Apr 18, 2014, 2:28 PM EDT
- Giancarlo Stanton sends the Marlins to victory with a walk-off grand slam 14
- Jason Bartlett will retire after 10 years in the big leagues 6
- Pirates acquire Ike Davis in a trade with the Mets 39
- And That Happened: Thursday’s scores and highlights 49
- VIDEO: The Yankees turned a triple play against the Rays 24
- Hank Aaron is getting vile racist hate mail in retaliation for pointing out that racism still exists (244)
- “They Don’t Know Henry” (167)
- Doug Glanville’s story about being racially profiled at his own home (125)
- There is still a racial divide in baseball (112)
- And That Happened: Tuesday’s scores and highlights (96)