Posted May 24, 2012 on
AP on Fox
The New York Yankees say they aren't for sale.
The Daily News reported Thursday that there were rumors in Major League Baseball and New York banking circles that the Steinbrenner family ''is exploring the possibility of selling the Yankees.''
Not so, says Yankees managing partner Hal Steinbrenner.
''It is pure fiction,'' he said. ''The Yankees are not for sale. I expect that the Yankees will be in my family for many years to come.''
Hal's father, George Steinbrenner, headed a group that bought the Yankees from CBS Inc. in 1973 for about $8.7 million net. The elder Steinbrenner died two years ago.
Yankees president Randy Levine also says the team is not for sale and that, ''we have not told anyone or indicated to anyone that it's for sale.''
Franchise values have been given new focus since the Los Angeles Dodgers sold on May 1 for $2 billion.
In order to disclose financial records to potential investors, the Yankees would need to notify the commissioner's office.
''Major League Baseball has received no indications from any representatives of the New York Yankees or anyone else that the club is for sale,'' the commissioner's office said in a statement.
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The New York Daily News reports that the Steinbrenners are exploring the possibility of selling the team. Managing partner Hal Steinbrenner calls the report "complete fiction."
The New York Yankees aren't for sale. Managing general partner Hal Steinbrenner said Thursday that his family has no intention of selling the historic franchise. Steinbrenner's comments come in response to a New York Daily News report, which said that rumors are swirling that Steinbrenner's family is looking into the possibility of selling the team. "I just...
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Hal Steinbrenner said Thursday a report that claimed he and his
family were considering selling the Yankees in the wake of the
recent record $2.175 billion Dodgers sale was "complete fiction."
Rumors are flying around Major League Baseball and New York banking circles that the Steinbrenner family is seriously considering selling the franchise. Rumor bell? Rumor bell! George Steinbrenner purchased the club for $8.8 million with several partners in 1973. By 1976 he owned the team outright, and it has remained in his family’s name since [...]
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Logo Ctsy: sportslogos.com
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