A Month of Fundays

A New York Yankees, Giants, Knicks, Rangers and other stuff blog.


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Friday, March 08, 2019

Yankees Buying Back YES

The Yanks have reached a deal to re-acquire the part of the YES Network they had previously sold from Disney. YES had gone to Disney in the Fox merger. It was thought that Amazon was also treing to get it. The Yanks will pay 3.4B, but their franchize value will soar even higher, and self sustenance is good. Doubt this had anything to do with their baseball moves.

Actually, the above is wrong. Apparently they are only increasing their stake to 30% of the network. They had retained 20% after the original sale. Not sure what this does for them.

13 Comments:

At 10:55 AM, Blogger Rich said...

Amazon is part of the acquiring group.

The programming is awful, imo.

 
At 11:22 AM, Blogger Kalel9 said...

This comment has been removed by the author.

 
At 11:29 AM, Blogger Kalel9 said...

How much are the Yanks getting back, then?

 
At 11:52 AM, Blogger Rich said...

Charlie Gasparino is usually pretty good on this stuff:

SCOOP: @Yankees increase ownership in @YESNetwork to 30% in $3.4b purchase that includes @WeAreSinclair @blackstone @amazon as investors. FBN has learned Amazon has the third largest stake, a share thats smaller than Yankees and another financial player. More now @FoxBusiness

 
At 11:58 AM, Blogger Kalel9 said...

The Yanks had retained 20% after the original deal with Fox. So, 10% more is worth 3.4B?

 
At 12:05 PM, Blogger Rich said...

I took that to mean the entire purchase price.

 
At 12:48 PM, Blogger Rich said...

SCOOP: Talks btw bidders/bankers for sale of the other 21 Fox RSNs resumes Monday @Disney bankers Allen & Co and JPM desperately trying replicate YES Network valuation for others to fetch $9B to $10B for other RSNsPLUS: @Yankees increase their stake of @YESNetwork to 30% more now

 
At 1:24 PM, Blogger Kalel9 said...

If they added 30% nore, then they are at 50%, though mg guess in that scenario would be 51%

 
At 3:49 PM, Blogger Kalel9 said...

A Stantonian Blast!

 
At 4:42 PM, Blogger Kalel9 said...

Birtton induces a DP!

 
At 1:32 PM, Blogger Mike in Mississippi said...

I guess Michael King is ok judging by the video he posted on Twitter today.

 
At 3:42 PM, Blogger Rich said...

Good.

 
At 4:58 PM, Blogger Rich said...

It’s only spring training and small sample success can quickly appear to be illusory (Tulo?), but there are some nice quotes by Judge on Florial here:

https://nypost.com/2019/03/09/yankees-young-bernie-williams-is-finally-showing-what-he-can-do/

 

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