Deals
Solamere Partners Said Close to Buying Piece of New York Yankees
- Scheuermann, Zwick pursuing 1% stake in most valuable MLB team
- Duo co-founded Solamere with Tagg Romney, who seeks Marlins
Yankee Stadium on April 1, 2008.
Photographer: Michael Bocchieri/Getty ImagesThis article is for subscribers only.
Two partners at Solamere Capital LLC, the private-equity fund with ties to the Romney family, are close to completing a deal to buy 1 percent of the New York Yankees, according to people familiar with the deal.
Managing partners Eric Scheuermann and Spencer Zwick are pursuing the piece of Major League Baseball’s most valuable team, said the people, who asked not to be identified and wouldn’t give a price or say who is selling the stake. The Yankees are worth about $3.7 billion, according to Forbes, about $1 billion more than the Los Angeles Dodgers.