Back to the New York City FC Newsfeed

REPORTS: Yankees nearly double their credit limit, may be preparing to buy a NYCFC stadium site

According to an inside source, the Yanks ownership is gearing up for a big purchase, and its got nothing to do with the Bronx Bombers' payroll.

Today, the New York City FC family may have just received some news hot enough to melt January.

Read this direct quote. Really, really read it:

"The New York Yankees could be closer to finding a home for their MLS team after getting access to additional borrowing capacity."

Yes, ccording to a fresh report from Daniel Kaplan of the Sports Business Journal (behind paywall), an unnamed source "close to the Yankees" has shared that Yankees Global Enterprises has increased its credit limit from about $175 million to over $300 million.