NEW YORK (AP) -Goldman Sachs Group is exploring the worth of its stake in the New York Yankees' YES Network and would consider a sale if it receives the right offer.
The Yankees formed YES in 2001 and launched the network the following year. Yankee Global Enterprises, the team's parent company, owns about 35 percent of the network, with the remainder controlled by Goldman and Providence Equity Partners, and an investment group headed by former New Jersey Nets owner Ray Chambers.
``We've owned the network for the past six years. All we're doing is getting a current view from the marketplace on the network's value,'' Goldman Sachs spokesman Peter Rose said Thursday. ``From Goldman Sachs' perspective, we have made no decision to sell. If we got an offer that in our view reflected the premium value of the network, we would consider it.''
The Yankees currently plan to keep their stake and say they must approve any incoming partners to the network.
``The YES Network is not for sale,'' Yankees president Randy Levine said.
Goldman Sachs' decision was first reported Thursday by Fortune on its Web site.
YES is estimated to be worth about $3 billion. The New York Mets launched a similar network last year, SportsNet New York, with members of the team's ownership partnering with Time Warner and Comcast.

Recent MLB Discussions

dod 1st 5 thats it on Thu, Oct 2016 by Timmy1961
dod/cubs on Thu, Oct 2016 by Michael Cash
mlb early play on Wed, Oct 2016 by sharkey11

Top MLB Public Bets

MLB Top Stories

Thumbnail Kershaw tries to keep visitors' run going The Cubs seized a 3-2 edge in the NLCS by winning Games 4 and 5 in Los Angeles. Will Clayton Kershaw be able to save the Dodgers’...
Thumbnail North Siders' bats rise as NCLS progresses Anthony Rizzo is still batting well below .200 in the playoffs. Yet the Chicago first baseman seems to be heating up at precisely...
Thumbnail Hosts ask Urias to give them 3-1 NLCS edge Tonight, Julio Urias will make history in Game 4 of the NLCS. The Dodgers simply hope that it’s for all the right reasons.
Thumbnail Francona needs relief corps to thrive again The Blue Jays suddenly have life in the NLCS. Now, though, can they truly put fear in the Indians and send the festivities back to northern...
Thumbnail Arrieta tries to lift visitors at Chavez Ravine After getting punched in the mouth in Game 1 of the NLCS, the Dodgers struck back on Sunday night. Can they keep running with the Cubs as the action...
More inMLB Articles  

MLB Team Pages