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SBD/November 21, 2012/Franchises
Is Yankees' Decision To Stay Under Luxury Tax Threshold In '14 Worth It?
Published November 21, 2012
LOOKING INTO THE CRYSTAL BALL: With News Corp. acquiring 49% of YES Network with a chance to own 80% in a few years, SportsNet N.Y.'s Jonas Schwartz noted many fans are "starting to wonder about the motives of the Steinbrenner family” and whether this is “just good business or a precursor to eventually selling the Yankees.” The N.Y. Daily News’ Pat Leonard said the move “sets the table for them to have more options going forward if they were to want to sell the team." But the sale of a piece YES Network at this point is a “way to make more money, and then to partner with other networks who can then cross-promote.” Leonard: “It just seems like sound business.” N.Y. Daily News’ Bruce Murray said the current Steinbrenner family does not “love baseball." Murray: "George loved baseball. They are bottom-line businessmen who happen to own the Yankees right now.” If the team “becomes valuable enough to sell it to somebody else, I think they’ve set themselves up to do that.” The N.Y. Daily News’ John Harper said, "I wouldn’t be surprised if they ended up selling it because every indication that you get is that (Hal Steinbrenner) is just a businessman and he looks at the Yankees as a business” (“Daily News Live,” SportsNet N.Y., 11/20).