Yankees Say They're Not for Sale

Management denies Daily News report 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"

Thursday, May 24, 2012  |  Updated 2:33 PM EDT
View Comments (
)
|
Email
|
Print
Yankees Say They're Not for Sale

Getty Images

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.

If the Yankees ever do go on the market, one bidder to count out is Mayor Michael Bloomberg.

"I have front row tickets which cost a fortune," Bloomberg joked to reporters. "That's as much as I can afford."

Get the latest from NBC 4 New York anytime, anywhere. Follow us on Twitter, Facebook and Google+. Get our apps here and sign up for email newsletters here. Get breaking news delivered right to your phone -- just text NYBREAKING to 639710. For more info, text HELP. To end, text STOP. Message and data rates may apply.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
21st Century Solutions
The NBCUniversal Foundation is partnering... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out