Former Massachusetts governor Mitt Romney and his family are in talks to buy an ownership stake in the New York Yankees, reports Jon Heyman of FanRag Sports:
Mitt and Tagg Romney and family are bidding to buy a small stake in the Yankees months after their try for the Marlins stalled.
They’re expected to pay $25 million to $30 million per point and thought to be interested in one or two points. The Yankees are valued around $3 billion or more.
The Romneys are said to have offered $1.4 billion many months back to buy the Miami Marlins. But that appears to be off the table now, as the Romneys are talking about buying a very small piece of the Yankees instead.
Romney (a noted Red Sox fan) and his family were interested in buying the Miami Marlins last month, and previously expressed interest in buying the Los Angeles Dodgers before that sale went to the Guggenheim partners.
Forbes reports that the Yankees are the highest valued MLB franchise at $3.4 billion, ranking second among all North American sports franchises behind the Dallas Cowboys.
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