Jun
14
Yankees Consider Buying Back YES If Fox Sells Assets
By-
Clause gives baseball team a buyback option in event of sale
- Comcast bid $65 billion for Fox’s assets, including YES
The New York Yankees are considering buying back the YES Network, according to a person familiar with the matter.
The Yankees ceded control of the regional sports network four years ago to Rupert Murdoch’s 21st Century Fox Inc., which increased its stake to 80 percent from 49 percent. That agreement included a clause that gives the baseball team the right to buy back the network in the event Fox puts it up for sale, said the person, who asked to be anonymous because the deal terms are private…
Yankees Consider Buying Back YES If Fox Sells Assets
