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 31, 2014, 8:10 AM EDT
The State of the Trade Deadline, eight hours before the music stops.
Jul 31, 2014, 6:59 AM EDT
Always go 100%. Even if you’re not totally into what you’re doing. That includes singing power ballads.
Jul 30, 2014, 11:19 PM EDT
From FOX Sports’ Jon Morosi comes word that the Marlins and White Sox “have discussed a possible trade” involving left-handed starter John Danks.
Jul 30, 2014, 10:02 PM EDT
Dan Uggla’s stay with the Giants lasted nine days. MLB.com’s Chris Haft reports that San Francisco has released the veteran second baseman, who went 0-for-11 with a walk and six strikeouts in four games after being called up from Triple-A Fresno on July 25.
Jul 30, 2014, 9:15 PM EDT
Albert Pujols can barely move these days and for some reason went with a pop-up slide into first base, but this throw on Wednesday night from Manny Machado was still fantastic …
Jul 30, 2014, 8:22 PM EDT
Derek Jeter’s farewell tour continued Wednesday night at Globe Life Park in Arlington, Texas with another set of retirement gifts.
Jul 30, 2014, 7:37 PM EDT
CBS Sports’ Jon Heyman reports that the Blue Jays are targeting Indians shortstop Asdrubal Cabrera — who is known to be available — and would ask him to play second base.
Jul 30, 2014, 6:49 PM EDT
Oscar Taveras has been mentioned as a possible centerpiece in trade talks this week for top-tier starting pitchers like David Price and Jon Lester, but if Cardinals general manager John Mozeliak is to be believed that was all speculation from the outside.
Jul 30, 2014, 6:13 PM EDT
The 44-64 Astros could jump into this seller-friendly market before Thursday’s 4 p.m. ET trade deadline. Joel Sherman of the New York Post reports that Houston is “looking to move” first baseman and designated hitter Chris Carter.
Jul 30, 2014, 5:06 PM EDT
Now that it’s clear he can’t ramp up for 2014, the Mets have cleared Matt Harvey to throw.
Jul 30, 2014, 4:46 PM EDT
White Sox reliever Nate Jones has been on the disabled list with a back injury since the first week of the season, but now he’s got an even bigger problem.
Jul 30, 2014, 4:30 PM EDT
It’s been a rumor for a good while, but now it’s going where rumors go when they die.
Jul 30, 2014, 4:00 PM EDT
The very essence of the trade deadline just played out on Twitter
Jul 30, 2014, 3:51 PM EDT
Injuries derailed what was a very promising career for Chavez while with the A’s, but he bounced back and got healthy enough to thrive in part-time roles for the Yankees and Diamondbacks.
Jul 30, 2014, 3:32 PM EDT
Felix Doubront made it clear that he wanted the Red Sox to either put him back into the starting rotation or trade him, and then he went out and had a terrible relief appearance that many took to mean he was trying to push a trade.
Jul 30, 2014, 2:59 PM EDT
A few minutes ago we thought this man could soon be a Fish. Now it seems unlikely. HAPPY TRADE DEADLINE!
Jul 30, 2014, 2:44 PM EDT
Zeid pitched well for the Astros as a 26-year-old rookie last season, but struggled mightily this season with a 6.97 ERA in 23 appearances.
Jul 30, 2014, 2:32 PM EDT
They’ve been rumored to be in on all the big names, but now it sounds as if they’re out.
Jul 30, 2014, 2:25 PM EDT
Cleveland turned down Justin Masterson’s attempted contract extension offer back in spring training–balking at what seemed to be reasonable terms at the time–and now the Indians are trading the impending free agent to the Cardinals, according to Peter Gammons of MLB.com.
Jul 30, 2014, 2:00 PM EDT
And no mention of Lester because I legit thought he’d get traded in between the time we taped this and the time it went live.
- The State of the Trade Deadline: Yesterday was pretty sleepy. Will general managers wake up today? 0
- Cardinals acquire Justin Masterson from Indians 48
- There’s a “very good chance” the Red Sox trade Lackey and Lester 52
- Hey, Rube: Phillies pay dearly for Amaro’s misguided loyalty 89
- And That Happened: Tuesday’s scores and highlights 57
- Dodgers announce Vin Scully will return for 2015 season 52
- Jon Lester scratched Wednesday amid trade speculation 38
- Rays are “talking and willing” to trade ace lefty David Price; Cardinals and Dodgers interested 41
- Expert’s Corner: How to troll fans of all 30 teams (201)
- “Caucasians” t-shirts are hot sellers on Canadian Indian reservations (199)
- Rangers’ retirement gifts for Derek Jeter: Yankees cowboy boots, signed George W. Bush photo (106)
- Must-click link: sexual depravity — and possibly rape — in the minor leagues (105)
- The Nationals and Orioles dispute over TV money is about to explode (104)