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Mitt Romney’s sons are trying to buy a stake in the Yankees

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Mitt Romney built his professional life in Massachusetts and was once the governor of the state. As such, it is not surprising that he has long identified as a Red Sox fan. So this has to be troubling to him from a fan’s perspective. From Jon Heyman:

The Romney family is bidding to buy a small stake in the Yankees months after their try for the Marlins stalled. If the deal goes through, it is expected to be $25 million to $30 million per percentage point and thought to be interested in one or two percentage points. The Yankees are valued around $3 billion or more.

The effort is being led by Mitt’s son Tagg, one of his brothers and their business partners. Mitt’s spokesman tells Jon Heyman that he has nothing to do with it personally. Tagg Romney is reported to have been planning a bid for controlling interest in the Marlins, but that has fallen through.

I find this interesting insofar as the M.O. for the Steinbrenners has, for years, been to buy out minority shareholders in the Yankees, not seek more. Indeed, when George Steinbrenner bought the Yankees back in 1973 he held just a bare controlling interest and there were a ton of silent partners, most of which were back in Ohio and knew Steinbrenner from his shipping business. I’ve personally gotten to know some of them over the years as there are a handful of them in Columbus and I crossed paths with them in my legal career. They have almost all been bought out in the past couple of decades. They still get season tickets and World Series rings and stuff. You can tell them by their personalized Yankees plates and the fact that, within the first ten minutes of meeting them, they will tell you that they once owned a piece of the Yankees but got pushed out.

In light of all of that it’s interesting that the Steinbrenners are once again accepting bids for small stakes in the team. Especially from someone whose interest in controlling the Marlins suggests that they do not consider it to be a mere vanity investment. Makes me wonder what the Steinbrenners’ long term plans are.

Rays acquire Peter Bourjos from the White Sox

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The Rays announced on Tuesday that the club acquired outfielder Peter Bourjos from the White Sox in exchange for a player to be named later or cash considerations.

As all three starting outfield jobs in Tampa Bay are spoken for, Bourjos is looking at a bench role to open the 2017 regular season. Last season with the Phillies, Bourjos hit .251/.292/.389 with 20 doubles, 23 RBI, and 40 runs scored in 383 plate appearances. The bat is still weak, but he also still plays solid defense and runs the bases well.

Reds claim Scooter Gennett off waivers from the Brewers

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The Reds claimed second baseman Scooter Gennett off waivers from the Brewers, C. Trent Rosecrans of the Cincinnati Enquirer reported on Tuesday.

Gennett, who turns 27 years old on May 1, was expendable as the Brewers planned to use Jonathan Villar on an everyday basis at second base. He’ll provide infield depth in Cincinnati.

Over parts of four seasons in the majors, Gennett has hit .279/.318/.420 with 35 home runs and 160 RBI in 1,637 plate appearances.