Rumors are flying in Major League Baseball and New York banking circles that the family that has owned Major League Baseball's premiere franchise since Cleveland shipbuilder George Steinbrenner purchased the club for $8.8 million in 1973 is exploring the possibility of selling the Yankees.Besides Levin's denials in the article, Hal Steinbrenner also responded to the rumors:
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.
Yankee president Randy Levine adamantly denied the rumors: "I can say to you there is absolutely, positively nothing to this. The Steinbrenners are not selling the team." And managing general partner Hal Steinbrenner, George's younger son, weighed in with his own denial Thursday morning, saying in a statement: "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."
However, according to the sources, who requested anonymity because of the sensitive nature of the situation, the recent sale of the Dodgers to a group that includes NBA legend Magic Johnson is just one reason why the Steinbrenner family may be looking to sell the team, which experts estimate could be worth up to a stunning $3 billion.
Yankees managing general partner Hal Steinbrenner said on Thursday that his family has no intention of selling the storied franchise, responding to a published report in the New York Daily News.Honestly, at this point I don't really care what happens, especially if they are sold to an owner who is ready to spend money.
"I just learned of the Daily News story. It is pure fiction," Steinbrenner said in a statement. "The Yankees are not for sale. I expect that the Yankees will be in my family for many years to come."
Sure, it would be nice to have the team remain in the Steinbrenner family, but unless your goal as a Yankees fan is to see higher ticket prices along with lower payroll I'm not sure how beneficial that would be.
When The Boss owned the team we as fans always knew that he'd do whatever it took to win, but now after a few years of Hal you can now longer say that. Instead the Yankees are in cost-cutting mode and just spent this past offseason ignoring the two best pitchers on the market (Darvish and Wilson), and instead decided to go the less expensive route and I don't think that's something we'd see from George.
What do you think? Does it matter if the team stays in the Steinbrenner's hands?