Hal Steinbrenner denies that the Yankees are for sale

A story was published this morning by the NY Daily News that doesn’t have any sources from the Yankees, but does have an unidentified source from within the banking industry that could be put up for sale in the wake of the Dodgers $2.175 billion sale.

“There has been chatter all around the banking and financial industries in the city for a couple of weeks now,” one high-level baseball source told Michael O’Keeffe and Bill Madden of The News.

Is it true? Maybe, maybe not, but if the Steinbrenners could land upwards of $3 billion for the Yankees then you would have to imagine that they might want to see what’s possible. However, Hal Steinbrenner is denying it.

“I just learned of the Daily News story. It is pure fiction,” Steinbrenner said in a statement. “The Yankees are not for sale. I expect that the Yankees will be in my family for many years to come.”

Not everyone is buying it though (no pun intended).

“Hal’s a smart businessman,” the source said. “And I’m just not sure that he considers baseball to be a smart business. I think he looks at some of these other owners, throwing $200 million at players and thinks they’re idiots – idiots that unfortunately can affect the way he does business. You have to understand, it was in Hal’s formative years in the ’80s when he saw George at his worst in terms of throwing more and more good money at bad players like Pascual Perez, Dave LaPoint, Steve Kemp, Ed Whitson and Andy Hawkins.”

Funny thing about that last quote though, Hal’s brother Hank Steinbrenner was the one who handed out the ridiculous $275 million deal to A-Rod, of which there are still six years left on it. But I digress.

With the information we have right now, it is impossible to be sure what’s going on. It is a family business on one hand, on the other it’s a ton of money and it wouldn’t hurt to at least look to see what he could get. If he was looking, it would be impossible to keep something like that from leaking out and Hal would of course deny the rumors to avoid pissing off the fan base.

So we’ll just have to wait and see. But while we wait,┬áperuse this list of potential buyers the Daily News published today.

About Rob Abruzzese

Rob Abruzzese created Bronx Baseball Daily in 2008 just before graduating from Brooklyn College. He currently serves BBD as its editor and works as a reporter at the Brooklyn Daily Eagle. Follow Rob on Twitter @RobAbruzzese.
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