New York Yankees Aren't For Sale

Print

Published on March 4 2016 6:34 am
Last Updated on March 4 2016 6:34 am

The New York Yankees are not for sale. Not now and, if the Steinbrenner family has its way, perhaps not ever.

Hal Steinbrenner, the Yankees' managing general partner, says that despite a recent Forbes Magazine story valuing his team at $3.2 billion -- the second-most-valuable franchise in professional sports, worth nearly 400 times what Hal's father, George Steinbrenner, paid for it in 1973 -- the family has no intention of selling the ballclub, and in fact intends to see it under Steinbrenner family ownership for generations to come.

"I think all of us feel that way," Hal Steinbrenner, the youngest of George Steinbrenner's four children, told ESPN in a wide-ranging interview this week in his office at the spring training facility that bears his father's name.

"This is a family business and we're all involved," he said, referring to siblings Hank, Jennifer and Jessica. "We all love being a part of this. We all know our dad wanted us to be a part of us, and we all know he's watching down on us and happy that we're all a part of it. Believe it or not, to us, that's a big deal. The idea is, let's keep it going."

In fact, there are already long-term plans in the works to have George Steinbrenner's grandchildren eventually take over operations of the team. According to Hal Steinbrenner, Stephen Swindal Jr. (son of Jennifer Steinbrenner Swindal), George Michael Steinbrenner and Julia Steinbrenner Vinas (son and daughter of Hank Steinbrenner), Robert Molloy (son of Jessica Steinbrenner Molloy) and Hal's daughter Katherine are all interested in being part of the next generation of Steinbrenners to run the Yankees.

"It's already been discussed," Hal Steinbrenner said. "We got a lot of grandkids, and they're very interested. The idea is, it's time to let the young elephants in the tent, in George's words. So it's begun."

Thursday, March 3 Scoreboard

Philadelphia 13, New York Yankees 4            

Detroit 8, Atlanta 2            
    
Washington 9, New York Mets 4            

Houston 3, Philadelphia 2            

Toronto 10, Pittsburgh 8            
    
St. Louis 4, Miami 3            
     
Tampa Bay 10, Baltimore 3            

Cincinnati 9, Cleveland 1            

Texas 10, Kansas City 0            
    
Milwaukee 2, Chicago Cubs 1            
    
Los Angeles Dodgers 6, Chicago White Sox 1            

Milwaukee 8, San Francisco 7            
     
Los Angeles 8, Oakland 2
            
Seattle 6, San Diego 5
    
Colorado 6, Arizona 5    
        
Boston 6, Minnesota 5


Friday, March 4 Schedule (All Times Central)

Tampa Bay at Boston, 12:05 p.m.

New York at Detroit, 12:05 p.m.

St. Louis at Houston, 12:05 p.m.

Atlanta at Philadelphia, 12:05 p.m.

Minnesota at Pittsburgh, 12:05 p.m.

Washington at Miami, 12:05 p.m.

Baltimore at Toronto, 12:07 p.m.

Miami at New York, 12:10 p.m.

Cleveland at Chicago, 2:05 p.m.

Seattle at Milwaukee, 2:05 p.m.

Colorado at Oakland, 2:05 p.m.

Los Angeles at Texas, 2:05 p.m.

Los Angeles at Chicago, 2:05 p.m.

San Francisco at Cincinnati, 2:05 p.m.

Oakland at Arizona, 2:10 p.m.

Kansas City at San Diego, 8:10 p.m.


Saturday, March 5 Schedule (All Times Central)

Baltimore at Minnesota, 12:05 p.m.

Boston at New York, 12:05 p.m.

Pittsburgh at Atlanta, 12:05 p.m.

New York at Houston, 12:05 p.m.

Detroit at Washington, 12:05 p.m.

St. Louis at Miami, 12:05 p.m.

Philadelphia at Toronto, 12:07 p.m.

San Francisco at Cleveland, 2:05 p.m.

Chicago at Kansas City, 2:05 p.m.

Milwaukee at Oakland, 2:05 p.m.

Cincinnati at Chicago, 2:05 p.m.

Arizona at Los Angeles, 2:05 p.m.

Texas at San Francisco, 2:05 p.m.

Los Angeles at Seattle, 2:10 p.m.

San Diego at Colorado, 2:10 p.m.

Tampa Bay at Baltimore, 6:05 p.m.