Thursday, September 15, 2011

Yankees' Staten Island Farm Team Wins Title, Then Gets Sold

The New York Yankees are selling their Staten Island farm team just days after it won the N.Y.-Penn League championship.  It was the team's second title in three years.

The asking price for the team is $8.3 million-- about the price of Derek Jeter's Florida home give-or-take a couple of the mansion's nine bathrooms.

The Staten Island Yankees won the championship on Tuesday night.

According to a report in the New York Post, the Yankees and their partner, Mandalay Baseball, expect the sale of the farm team to be approved and sold by the end of the month.

The Steinbrenner Foundation, set up by Yankees former owner, George Steinbrenner, will keep a small piece of the franchise, which moved to Staten Island from upstate Oneonta in 1999.

The team-- which plays in Richmond County Bank Ballpark just a short walk from the Staten Island ferry--  has reportedly had trouble drawing the crowds its rival the Brooklyn Cyclones draws in Coney Island.

The Cyclones are owned by the New York Mets and have been drawing sold-out crowds regularly.

The buyer of the Staten Island Yankees was not identified, but it has been reported on-line that a hedge-fund manager is putting up the cash for the team.

According to the Post, Mandalay and the Yankees are getting together to purchase the Yankees Triple-A Scranton/Wilkes Barre farm team for $14.6 million.

The Steinbrenner Foundation will also own a piece of the Scranton team too.

Scranton is usually the final stop before making the bigs.  Manny Banuelos, the 20 year-old phenom, is currently playing there.

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