Baseball: TV group pitches to buy Yankees
Monday 12 October 1998
The New York Yankees, one of the most outstanding teams in baseball, is on the block, Newsday reported yesterday. The team's controversial and irascible owner, George Stenbrenner, is negotiating with the media company, Cablevision, to sell the team for as much as $800m (pounds 500m), it reported.
Steinbrenner bought the Yankees of 1973 for just $10m, so he and his partners would make a handsome profit on the deal. Murdoch bought the Los Angeles Dodgers for $311m. Cablevision owns Madison Square Gardens, as well as television interests across America.
The rumours of a sale come after Steinbrenner has for years protested that, if he was not allowed to move the team to a better ground closer to the centre of Manhattan, he would dispose of the Yankees.
Though the team is much loved in New York, there is little love lost between Steinbrenner and Yankees fans. Talks are said to be continuing, and to be quite far advanced.
While Mark McGwire of the St Louis Cardinals has electrified fans all summer with the home run race, it is the Yankees who have been racking up the games. They are currently 2-2 against the Cleveland Indians in the play-offs for the American League slot in the World Series.
The San Diego Padres looked set to sweep aside the Atlanta Braves for the National League slot, as they were 3-0 up in the seven-game series on Saturday.
Latest in Sport
What time is the 2015 WWE Royal Rumble on? TV details and full card
Royal Rumble 2015: Roman Reigns triumphs after The Rock returns to set-up Wrestlemania showdown with Brock Lesnar
Brighton 2 Arsenal 3 player ratings: Did Tomas Rosicky's performance and goal make him man of the match at Amex Stadium?
Liverpool transfer news and rumours: Glen Johnson to stay; Fabian Delph move goes up in flames; Marc-Andre Ter Stegen for loan deal
Brighton vs Arsenal match report: Tomas Rosicky inspirational as Gunners avoid scare
- 1 Paris attacks: Do not call Charlie Hebdo killers 'terrorists', BBC says
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 5 The enemy within: People who hear voices in their heads are being encouraged to talk back
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
British Muslim school children suffering a backlash of abuse following Paris attacks
£28000 - £35000 per annum: Recruitment Genius: This business IT support compan...
£33000 - £38000 per annum: Recruitment Genius: The Company mission is to be th...
£20000 - £30000 per annum: Recruitment Genius: A Software Tester is required t...
Negotiable: Recruitment Genius: The Company sells mobile video advertising sol...