Here's Why The Steinbrenners Should Think About Selling The Yankees

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics International Video Latest Thursday, May 24, 2012 Here's Why The Steinbrenners Should Think About Selling The Yankees There's a rumor floating that the Steinbrenner family is thinking about selling the New York Yankees for $3 billion. And even though the family denies the rumors, a look at the chart is why they should at least consider the move. According to Forbes.com, the value of the Yankees, as recently as 2011, was twice as much as the value of the Los Angeles Dodgers. However, with the surge in money being paid to baseball teams for their television rights, the value of the Dodgers jumped 75% last year, and the Dodgers still sold for $2 billion, or 42.9% more than the Forbes.com valuation. If the Yankees value is 42.9% more than their Forbes.com valuation, the franchise would be worth $2.6 billion. That is a growth in value of 630% since 1998. And the rumor is that the team could sell for even more. Considering George Steinbrenner was part of a group that purchased the team for $10 million in 1973, $3 billion would be hard to turn down. Read » Also On Sports Page Today: VEGAS BOOKIES: These Three Big-Name NFL Teams Are Going To Be Just Mediocre Next Year Actually, Shaq Would Much Rather OWN The Orlando Magic EVERYONE FREAK OUT!!! Tim Tebow Threw Two Interceptions Today Ohio State Football Could Get Rocked By New NCAA Violations, But Admins Don't Care About The School's 40+ Violations Per Year Advertisement SPORTS CHART OF THE DAY: Rumors Of The Heat's Death Were Greatly Exaggerated SPORTS CHART OF THE DAY: Kobe Bryant Once Again Fails To Join Elite Group SPORTS CHART OF THE DAY: Are The Spurs Now The Favorite To Win The NBA Championship? Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Sports Page RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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