Steinbrenner’s Could Sell Yankees For Huge Profit – Are You For It? [POLL]
In today’s edition of the New York Daily News, speculation rose of the potential sale of the New York Yankees. After the Los Angeles Dodgers sold for roughly 2 billion dollars, the price tag that could come with the New York Yankees would potentially reach the 3.5 billion dollar threshold. Not too bad for a team that was bought for 8 million dollars when George Steinbrenner bought the Yankees in 1973.
Right now, the possibility of a sale of the Yankees actually happening is still in the early phases. Hal and Hank Steinbrenner could just be kicking the tires to see “what if.” Both brothers do not have the smarts or passion to run a baseball team as well as his dad did. The yearn for winning is gone and now, for the first time since the 60s, the main issue with the Yankees is money, as far as the Steinbrenner brothers are concerned.
A potential sale could send the Yankees in one of two directions. They could be sold to a group of investors like Mark Cuban, who is already the owner of the NBA team, the Dallas Mavericks and has made attempts to buy the Chicago Cubs and Los Angeles Dodgers. Cuban sees the investment in a professional sports team in a similar way Steinbrenner did. Invest money into the talent on the field and the people will show up. The sale could also go to a group people who see a sports team strictly as a business where you have to cut some corners to save a buck here or there.
I’m willing to take the chance. I’ve been a Yankee fan for most of my life, and I can still remember how much George Steinbrenner put into having a winning team. I can also remember the moment he passed away, and how almost instantaneously, the atmosphere of the New York Yankees changed. Hank Steinbrenner is a guy who knows next to nothing about baseball, but insists on being part of the on-field decision making process. Hal Steinbrenner is a straight-laced businessman who doesn’t like paying athletes the lucrative contracts they all make.
Just look at how the Derek Jeter contract negotiations went. Jeter, one of the greatest Yankees of all time, was left hanging as a free agent for over a month when his contract expired, something that would have never happened if George were at the helm at the time. The only reason the issue was resolved was because of the free agent market and lack of competitors in the Jeter sweepstakes. The Yankees ended up being the only team that was interested, mainly because Jeter’s contribution to the Yankees brand means more than what any other team would be getting out of him. In the next few seasons, the Yankees have contracts expiring with stars like Robinson Cano and Curtis Granderson. Two key parts of the team who are in the prime of their careers. If the Steinbrenner’s were to pull what they pulled with Jeter, these guys would be out of here quicker than you can say “start spreading the news.”
If you’re asking me, I say sell the team and see what happens from there. What do you think? Take our poll below.