Getty Images

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

25 Comments

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.

Astros claim Buddy Boshers off waivers from the Twins

Jon Durr/Getty Images
1 Comment

The Astros announced on Monday that the club claimed reliever Buddy Boshers off waivers from the Twins.

Boshers, 29, had been designated for assignment by the Twins last week. Across parts of three seasons, the lefty compiled a 4.59 ERA with a 78/25 K/BB ratio in 86 1/3 innings in the big leagues.

Boshers has handled left-handed hitters much better than right-handed hitters, holding them to a career .621 and .793 OPS, respectively. If he makes the 25-man roster out of spring training, the Astros may use him as a LOOGY — a left-handed one-out guy. As of right now, Tony Sipp is the only lefty in the ‘pen.