NEW YORK -- The Steinbrenner family intends to continue owning the New York Yankees franchise for "eternity," managing general partner and vice chairperson Jennifer Steinbrenner Swindal told the New York Post.
"We're all in," Swindal said. "I hope we own the team for eternity. You never know what life will bring, but we're in it for the long haul."
Swindal's father, George Steinbrenner, headed a group that purchased the franchise from CBS in 1973 for approximately $10 million. Last year, Forbes estimated the Yankees to be worth $3.4 billion.
Managing general partner Hal Steinbrenner has repeatedly stated that the family has no plans to sell.