According to Bloomberg you, anyone reading this, can be a
part-owner in the New York Yankees for the low-low price of just $24 million.
The team is worth anywhere from $2.75 billion to $3.25 billion depending on
where you read and a minority owner is selling their share, 1% to be exact, on
the open market right now. At this time it is not known who is selling their
stake in the company but Hal Steinbrenner has once again shot down any rumors
of it being anyone in the Steinbrenner family. The Steinbrenner’s are not
selling the Yankees anytime soon. Hal’s lips to my blog.
Club 9 is the company handling the sale and for their
paperwork purposes they have the team valued at $3 billion. The company then
applies a 20% discount to the average cost per percent of the team’s value to
come up with their $24 million price tag. Time to cash in your piggie banks
Yankees family, let’s buy us some Yankees!
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Sorry for the Capatcha... Blame the Russians :)