October 23, 2016 11:41 AM ET


Company Overview of New York Yankees Partnership

Company Overview

New York Yankees Partnership, doing business as The New York Yankees Baseball Club, operates a professional baseball team that plays in the eastern division of the American League in Major League Baseball. The company was founded in 1903 and is based in Bronx, New York.

1 East 161st Street

Yankee Stadium

Bronx, NY 10451

United States

Founded in 1903





Key Executives for New York Yankees Partnership

Principal Owner and Managing General Partner
Managing General Partner and Co-Chairperson
Age: 47
Limited Partner
Executive Vice President, and Chief International Officer, New York
Compensation as of Fiscal Year 2016.

New York Yankees Partnership Key Developments

NYYP Shares For Sale

A minority owner is selling 1% stake in New York Yankees Partnership (NYYP) for about $24 million, according to documents associated with the transaction and reviewed by Bloomberg News. Club 9 Sports Inc. is handling the sale. It isn’t known which NYYP shareholder is offering the stake. The controlling interest in the Yankees is owned by the Steinbrenner family, which has said it isn’t interested in selling the club. Any agreement would have to be approved by Major League Baseball and by the Yankees, who have not reviewed any proposals yet, according to a person familiar with the matter. For the purposes of the sale, Club 9 values the team at $3 billion, then applies a 20% discount that acknowledges the limited influence of minority owners. “Paying anything below $24MM for a 1% stake is a good value in our view, especially considering this is the most valuable, most iconic and most recognized sports team in North America.” James Roche, a senior associate at Club 9, didn’t immediate return a call seeking comment.

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Recent Private Companies Transactions

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