Want a piece of the most decorated team in sports? Do you have $24 million laying around?
A limited partner of the Yankees is selling 1 percent of the franchise, according to a Bloomberg News report. It is not yet known which limited partner is offering a piece of its share for sale.
According to Bloomberg, the $24 million number is based on a $3 billion valuation with a 20 percent discount because minority partners have no say in the direction of the franchise.
The Steinbrenner family are the majority owners of the franchise and has final approval on all sales.