In news that first came to light towards the end of December, the Yankees got their baby back — with a little help from friends.
And so on Friday, the Yanks teamed up with Amazon, Sinclair and a number of private equity investors to buy back YES Network from Disney for a staggering $3.47 billion. After all, in comparison, the Yankees were recently valued at $4 billion (the highest of all MLB clubs).
Due to Disney purchasing $71.3 billion worth of Fox’s film and TV assets, Disney needed to unload 22 regional sports networks (worth about $20 billion) to gain approval on the deal from the Department of Justice.