Earlier this week, the Sports Business Journal reported that the New York Yankees holding company has expanded it’s credit facility to three-hundred million dollars. This expansion by Yankee Global Enterprises, whom have a twenty percent stake in NYCFC, raises speculation that an announcement on a new stadium in imminent.
There is still a possibility that the credit expansion isn’t for the new stadium, but if not that, then what? and why now?. All of the big name free-agents in Major League Baseball are off the board and I don’t think their stadium that opened in 2009 will be needing renovations anytime soon.