4 minutes ago

Hal Steinbrenner Pushes Back on Yankees ‘$700M Profit’ Narrative

Steinbrenner bristled at the idea that the Yankees are raking in huge profits from more than $700M revenue. Asked if that meant he was making money, he replied, “It’s not fair,” and refused to say if the team takes a loss. Hal instead pointed to a $100M annual payment to NY City and a heavy investment in development and science.