Sep

Forbes: Minority investment values Yanks at $1.7 billion

Ray Bartoszek, a commodities trader with a net worth estimated at $5 billion, purchased a minority share of the Yankees today, according to a variety of sources. Forbes says Bartoszek’s investment values the Yanks at nearly $1.7 billion. As ESPN New York detailed, Bartoszek allegedly purchased another minority share from one of the team’s limited partners who wished to sell. The sale will not impact the day-to-day management of the ballclub.

Bartoszek has recently been interested in breaking into the MLB ownership club. He was a runner-up to purchase a stake in the Mets earlier this year, but his offer fell short to David Einhorn’s proposal. Instead he gets the Yanks. Once upon a time, John McMullen said of owning a small piece of the Yanks, “Nothing is more limited than being a limited partner of George’s.” These days, though, it’s a badge of honor and apparently a sound investment indeed.

Categories : Asides, News

6 Comments»

Mike says:

September 19, 2011 at 10:32 pm

Did Bartoszek buy directly into the New York Yankees, or Yankee Global Enterprises?

Benjamin Kabak says:

September 19, 2011 at 10:52 pm

Unclear. A bunch of limited liability holding companies own various pieces of the Yankees. He likely bought into one of those.

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