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Yankees reportedly buy back YES Network for $3.47 billion

If you’re the kind of person that follows the business and economics of baseball, you received some news this morning that you’ve been waiting on for a while. Per Forbes, the Yankees are set to announce they’ve bought back the YES Network, the most lucrative regional sports network (RSN) in the game, in partnership for a total sale value of $3.47 billion in cash.

The Yankees are partnering with the controversial Sinclair Broadcasting Group, who is expected to handle the on-air broadcasts, as well as Amazon, who will likely be instrumental in growing the Yankees’ presence in online streaming services.