SBD/8/Franchises

YANKEES INVESTOR FACES TOUGH TIME SELLING SHARE IN TEAM

     Harvey Leighton, who holds 3.1237% of the Yankees, has gone
public in trying to sell his limited share, according to a front-
page report in the N.Y. TIMES.  Leighton, who wants to sell
because of health problems, placed an ad in the WALL STREET
JOURNAL offering 1% of the stake for $2.95M.  Sales of limited
partnerships are "usually cloaked in secrecy," and ads such as
Leighton's are "unheard of."  But team majority owner George
Steinbrenner has full "veto power over who can even own the
smallest piece of the team," and Leighton believes two recent
potential buyers were blocked by the front office.  Yankees
General Counsel Daniel Sussman, couldn't comment on the specifics
of the Lieghton case, but said the partnership rules make the
"managing general partner responsible for protecting the club's
profitability and reputation, and that means the policing who can
buy in" (Kirk Johnson, N.Y. TIMES, 3/8).
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