Home▸Archive▸Pro Sports▸You've inherited the Yankees. Would you sell?
justincredible
Nick Mangold
32,056posts
justincredible
Nick Mangold
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posts
Thu, May 24, 2012 1:03 PMMay 24, 2012 1:03 PM
There were rumors circling that the Yankees might go up for sale but Hal Steinbrenner is now denying them. What would you do if you inherited the multi-billion dollar franchise?
May 24, 2012 1:03pm
vball10set
paying it forward
V
24,795posts
V
vball10set
paying it forward
24,795
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Thu, May 24, 2012 1:08 PMMay 24, 2012 1:08 PM
Keep 'em, for now. This franchise will continue to gain value, so I can sell (at a profit) at any time, or whenever I get bored with running the team.
May 24, 2012 1:08pm
THE4RINGZ
R.I.P Thread Bomber
16,816posts
THE4RINGZ
R.I.P Thread Bomber
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Thu, May 24, 2012 1:14 PMMay 24, 2012 1:14 PM
Keeping the team gives you some financial security.
May 24, 2012 1:14pm
ernest_t_bass
12th Son of the Lama
24,984posts
ernest_t_bass
12th Son of the Lama
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Thu, May 24, 2012 1:17 PMMay 24, 2012 1:17 PM
Never sell that cash cow.
May 24, 2012 1:17pm
Rotinaj
Senior Member
7,699posts
Rotinaj
Senior Member
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Thu, May 24, 2012 1:18 PMMay 24, 2012 1:18 PM
ernest_t_bass;1180681 wrote:Never sell that cash cow.
+1
May 24, 2012 1:18pm
LJ
Senior Member
16,351posts
LJ
Senior Member
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Thu, May 24, 2012 1:19 PMMay 24, 2012 1:19 PM
Keep em. Put all execs on performance based compensation. Sit back and let the $$$ flow
May 24, 2012 1:19pm
Con_Alma
Senior Member
C
12,198posts
C
Con_Alma
Senior Member
12,198
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Thu, May 24, 2012 1:23 PMMay 24, 2012 1:23 PM
Sell?? No way.
May 24, 2012 1:23pm
gorocks99
Senior Member
10,760posts
gorocks99
Senior Member
10,760
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Thu, May 24, 2012 1:24 PMMay 24, 2012 1:24 PM
I sell to the highest bidder with the lowest sports-ownership competency because fuck New York.
May 24, 2012 1:24pm
Mooney44Cards
Senior Member
2,754posts
Mooney44Cards
Senior Member
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Thu, May 24, 2012 1:32 PMMay 24, 2012 1:32 PM
I'd sell....I think the Yankees value has peaked.
May 24, 2012 1:32pm
se-alum
The Biggest Boss
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se-alum
The Biggest Boss
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Thu, May 24, 2012 1:32 PMMay 24, 2012 1:32 PM
gorocks99;1180717 wrote:I sell to the highest bidder with the lowest sports-ownership competency because fuck New York.
I agree.
May 24, 2012 1:32pm
justincredible
Nick Mangold
32,056posts
justincredible
Nick Mangold
32,056
posts
Thu, May 24, 2012 1:41 PMMay 24, 2012 1:41 PM
gorocks99;1180717 wrote:I sell to the highest bidder with the lowest sports-ownership competency because fuck New York.
This is my thought as well. Of course, I probably wouldn't think that if I was in the position to actually inherit the team.
May 24, 2012 1:41pm
like_that
1st Team All-PWN
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like_that
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Thu, May 24, 2012 1:41 PMMay 24, 2012 1:41 PM
Sell, then buy the Tribe and tell Dolan to go fuck himself. Then I would sell the Tribe to Cuban.
May 24, 2012 1:41pm
BR1986FB
Senior Member
B
24,104posts
B
BR1986FB
Senior Member
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Thu, May 24, 2012 1:44 PMMay 24, 2012 1:44 PM
I'd keep them and be the GM. I'm qualified for these duties because I have my college dregree.
May 24, 2012 1:44pm
se-alum
The Biggest Boss
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se-alum
The Biggest Boss
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Thu, May 24, 2012 1:46 PMMay 24, 2012 1:46 PM
like_that;1180745 wrote:Sell, then buy the Tribe and tell Dolan to go fuck himself. Then I would sell the Tribe to Cuban.
Except the other owners wouldn't let you sell to Cuban.
May 24, 2012 1:46pm
like_that
1st Team All-PWN
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like_that
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Thu, May 24, 2012 1:47 PMMay 24, 2012 1:47 PM
se-alum;1180758 wrote:Except the other owners wouldn't let you sell to Cuban.
I am good at convincing people.
May 24, 2012 1:47pm
Heretic
Son of the Sun
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Heretic
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Thu, May 24, 2012 1:51 PMMay 24, 2012 1:51 PM
I hate the Yankees, so if I just happened to own them, I'd do two things.
1. Darbypitcher loved the Yankees. I own them. This gives me the potential ability to totally humiliate him in some hilariously public fashion. By maybe creating a "Miss Yankee" title for some bimbo, telling him he won an all-expenses-paid trip to NY to go with her to a game and setting things up so that becomes the most emasculating experience ever. Like her belittling him the whole time until she dumps him publicly for some other guy and then him being "dropped off" in one of the "KILL WHITEY" districts of town. In "Die Hard 3" fashion.
2. With that taken care of, sell the team and get rich quick.
May 24, 2012 1:51pm
Mooney44Cards
Senior Member
2,754posts
Mooney44Cards
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Thu, May 24, 2012 1:57 PMMay 24, 2012 1:57 PM
like_that;1180745 wrote:Sell, then buy the Tribe and tell Dolan to go fuck himself. Then I would sell the Tribe to Cuban.
The irony is that the rumor is Dolan's nephew is one of the rumored potential buyers of the Yankees.
May 24, 2012 1:57pm
like_that
1st Team All-PWN
26,625posts
like_that
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Thu, May 24, 2012 2:12 PMMay 24, 2012 2:12 PM
Mooney44Cards;1180784 wrote:The irony is that the rumor is Dolan's nephew is one of the rumored potential buyers of the Yankees.
lol he can't afford the Yankees. This will be his attempt:
[video=youtube;ZYoUGkQJI64][/video]
May 24, 2012 2:12pm
Mooney44Cards
Senior Member
2,754posts
Mooney44Cards
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Thu, May 24, 2012 2:24 PMMay 24, 2012 2:24 PM
like_that;1180822 wrote:lol he can't afford the Yankees. This will be his attempt:
He submitted a $750 million bid to purchase the Red Sox and that was over 10 years ago. With some other investors he could certainly afford the Yankees. Dude is worth over $3 billion.
May 24, 2012 2:24pm
hasbeen
Excuse me, Flo?
6,504posts
hasbeen
Excuse me, Flo?
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Thu, May 24, 2012 2:26 PMMay 24, 2012 2:26 PM
I'd keep them. I'd also have sex with lots of gorgeous tramps.
May 24, 2012 2:26pm
Iliketurtles
Senior Member
8,191posts
Iliketurtles
Senior Member
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Thu, May 24, 2012 2:52 PMMay 24, 2012 2:52 PM
Heretic;1180768 wrote:I hate the Yankees, so if I just happened to own them, I'd do two things.
1. Darbypitcher loved the Yankees. I own them. This gives me the potential ability to totally humiliate him in some hilariously public fashion. By maybe creating a "Miss Yankee" title for some bimbo, telling him he won an all-expenses-paid trip to NY to go with her to a game and setting things up so that becomes the most emasculating experience ever. Like her belittling him the whole time until she dumps him publicly for some other guy and then him being "dropped off" in one of the "KILL WHITEY" districts of town. In "Die Hard 3" fashion.
2. With that taken care of, sell the team and get rich quick.
Best. Idea. Ever.
May 24, 2012 2:52pm
confucius99
Junior Member
C
18posts
C
confucius99
Junior Member
18
posts
Thu, May 24, 2012 3:03 PMMay 24, 2012 3:03 PM
I'd sell. Tax rates are low. Value is high. Why F*&^ with a billion dollars. Let them be someone else's worry.
May 24, 2012 3:03pm
Commander of Awesome
Senior Pwner
23,151posts
Commander of Awesome
Senior Pwner
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Thu, May 24, 2012 3:06 PMMay 24, 2012 3:06 PM
I'd move the team because NY Yankee fans can GFT. ND Yankees has a nice ring to it.
May 24, 2012 3:06pm
Mulva
Senior Member
13,650posts
Mulva
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Thu, May 24, 2012 5:31 PMMay 24, 2012 5:31 PM
I would sell, use the proceeds to purchase the Red Sox, and dissolve the franchise. Fenway Park is rented out as a landfill.
May 24, 2012 5:31pm
IggyPride00
Senior Member
6,482posts
IggyPride00
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Thu, May 24, 2012 5:43 PMMay 24, 2012 5:43 PM
I would sell them.
Believe it or not the team doesn't make that much profit (according to Forbes the Indians had the biggest profit last year of $30 million). They bring in a tremendous amount of money, but between the payroll, luxury tax and revenue sharing, they are spending everything that comes in the door. George actually ran the team at a deficit for most of the time he was alive because he was obsessed with winning, and not the bottom line. His kid is apparently the exact opposite from what is being reported.
Now is the time. With the Dodgers having netted $2.1 Billion, it is not inconceivable someone would pay $3 billion plus to buy the team. They have a new stadium, and it is truly a once in a lifetime shot for a bazillionaire who can afford the ultimate toy.
If we wait long enough to find out the Dodgers were drastically overpriced, it will significantly hurt the Yankees prospects of topping that price. As of now it is still too new to really know if it was a good idea or not.
The other thing to consider is the team is at its peak value. The stadium gets older everyday, and the team itself is not far from experiencing a major transition period/dropoff. Jeter is in the twilight, as is A-Rod, and Rivera may be done. They have a ton of bad contracts, and Hal Steinbrenner has said the days of the $200 plus million dollar payrolls for him at least are nearing an end (wants to get below the $179 million revenue sharing mark). The farm system doesn't have much, and without flexibility to really break the bank because of an aging team with alot of long term deals, a slow decline is beginning for the Yankees.
If you can get $2.5-3 Billion you have to sell the team and take the money.
That wouldn't be a bad return on George's $8 million dollar purchase price in the early 70's!