NEW YORK — The New York Yankees are buying back the YES Network, partnering with Amazon in a deal that will give the company the right to stream games in the team’s broadcast territory.
The deal for the team’s parent company to purchase 80 percent of the network from The Walt Disney Co. values YES at $3.47 billion, nearly $500 million less than when 21st Century Fox acquired a majority stake in 2014.
Yankee Global Enterprises is the lead investor and partnered with Amazon.com Inc. and Sinclair Broadcast Group as its strategic investors, a person familiar with the negotiations told The Associated Press on Friday. The person spoke on condition of anonymity because the purchase was not announced and has up to 120 days to close.
CHICAGO — St. Louis’ series opener against the Chicago White Sox has been postponed to Saturday, giving the Cardinals an extra day to recover from a COVID-19 outbreak.
The Cardinals, who haven’t played since July 29, were set to resume their season Friday night in Chicago. But the series opener was pushed back to a straight doubleheader on Saturday afternoon, the beginning of an extended stay in the Windy City for the Cards.
There was no word from Major League Baseball on the postponement, but John Mozeliak, the president of baseball operations for the Cardinals, confirmed the move in a conference call with reporters. Mozeliak also said the team is going to play doubleheaders on Monday and Wednesday against the Cubs at Wrigley Field after the NL Central rivals had a series postponed last weekend.
Two people with direct knowledge of the situation also confirmed the postponement of the series opener against the White Sox. The people spoke Thursday on condition of anonymity because MLB had not announced the schedule change.
The Cardinals’ season has been derailed by the coronavirus. Star catcher Yadier Molina and infielder Paul DeJong are among the players who have tested positive.
St. Louis, the defending NL Central champions, has played just five games, winning two. It seems unlikely that it will be able to make up every one of its games that have been postponed during the pandemic-delayed season.
While announcing Sunday night that St. Louis’ series against Pittsburgh had been postponed, MLB said the league and the Cardinals believed it was “prudent to conduct additional testing while players and staff are quarantined before the team returns to play.”