Found April 16, 2012 on The Outside Corner: Yardbarker Blogger Network
Business Insider is reporting on a rumor they heard from TrimTabs blogger Dan Dorfman, saying that Yankees owners Hank and Hal Steinbrenner could be "amenable to a deal", in light of the Los Angeles Dodgers selilng for $2 billion. While owning the Yankees is a guaranteed cash cow (the team brought in $435 million in revenue last year), selling the team could result in a financial windfall that could set the Steinbrenners up for generations. Analysts project a possible Yankees sale at between $3 and $4 billion, which would also include the team's 34% stake in the YES Network. Despite Forbes's evaluation of the Yankees being worth $1.85 billion, the sale of the Dodgers for more than 30% more than the $1.4 billion evaluation Forbes gave them this season shows that there is a willingness to pay a premium based on the "brand" as opposed to the raw team itself. And there is no better brand in sports than the New York Yankees and their 40 pennants and 27 World...
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