Are the New York Yankees for sale? According to a report from the New York Daily News, one of sports' most recognizable properties could indeed be for sale. Yankess owner Hal Steinbrenner quickly denied the report, however.
Citing sources in both the baseball and financial worlds, the Daily News reported on Thursday that the Steinbrenner family is considering the move in the wake of the Los Angeles Dodgers' record-breaking sale. From the Daily News:
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.
"There has been chatter all around the banking and financial industries in the city for a couple of weeks now," one high-level baseball source told The News.
Hal Steinbrenner pushed back on the speculation. As reported by US Presswire:
"I just read the Daily News story. it is complete fiction. Me and my family have no intention to sell the Yankees and expect it to be in the family for years to come,.''
Team president Randy Levine derided the report, going so far as to joke about buying the Daily News.
The report went further to allege that Hal Steinbrenner has no interest in being a part of the team. An anonymous source quoted in the Daily News piece said that Hal "hates the players" and the media.
Bill Madden, the veteran Daily News baseball writer for the Daily News, stood by the report., insisting "the speculation is "more than just rumors."
"I talked to four or five extremely prominent, plugged-in baseball people, all of whom told me, ‘I have heard the same thing.' That the Steinbrenners are considering selling the team. They all said the same thing to me," Madden said Thursday morning on WFAN.
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