Originally posted on MyTeamRivals.com  |  Last updated 5/25/12
Geroge Steinbrenner once compared the Yankees to the Mona Lisa. “Once you own it, you never sell it.” Apparently, his children did not always pay attention to his lessons. Yesterday morning, the baseball world awoke to the shocking revelation in the New York Daily News that Hal Steinbrenner, who has taken over as managing general partner in the last few years, is exploring the sale of the most recognized brand in baseball, if not all of American sports. The article, written by the venerable Bill Madden, cited various sources from around both baseball and the financial industry who claimed that rumors have been flying since the sale of the Los Angeles Dodgers for $2.3 billion just a few weeks ago. The Yankees, through Steinbrenner on down to president Randy Levine and general manager Brian Cashman, vehemently denied the speculation, making the rounds on local sports radio. Steinbrenner called the report “complete fiction,” and insisted that the Steinbrenners ”have no intention to sel...
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