It might be the world’s most expensive sports collectible.
A 1% stake in the New York Yankees is reportedly for sale and for a mere $24 million you can own a piece of one the most storied franchises in sports.
The proposed deal values the team at around $3 billion but factors in a 20% discount since minority owners – especially Yankee minority owners - have limited influence in team affairs.
“There is nothing more limited than being a limited partner of George Steinbrenner,” Yankee minority owner John McMullen, who later went on to own the Houston Astros and the New Jersey Devils, once famously said.