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Rumor: Steinbrenners To Sell Yankees?

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Derek Jeter. (Photo by Al Bello/Getty Images)

Derek Jeter. (Photo by Al Bello/Getty Images)

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(WSCR) This is simply a rumor, but there is speculation in New York that the Steinbrenners could sell the New York Yankees.

This report originates from the New York Daily News, which cites “baseball” and “finance” sources. George Steinbrenner purchased the Yankees for $8.8 million in 1973, and experts estimate the team could be worth up to $3 billion now.

Here’s the report:

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.

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-levelbaseball source told The News.

This report may not carry much weight, though, as Hal Steinbrenner responded saying: “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.”

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