Steinbrenner May Get New Partners in YES

Steinert-Threlkeld, Tom
August 2006
Multichannel News;8/21/2006, Vol. 27 Issue 33, p12
The article reports that Goldman Sachs & Co. and Providence Equity Partners will have gained the right to sell their 40% stake in the Yankees Entertainment & Sports Network. The estimated value of the network range from $1.2 billion to $3 billion. Forbes valued the ball club at $1.03 billion in April, the first Major League Baseball franchise to cross the billion-dollar mark. Among the companies that might have an interest in taking a sizable stake of the sports network include Verizon Communications Inc., Comcast Corp. and Time Warner Cable.


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