The baseball team will be the lead owner and run the RSN.
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New York Yankees' Aaron Judge follows through on a double in the third inning during a spring training baseball game against the Toronto Blue Jays, Feb. 25, 2019, in Tampa, Florida. credit: ASSOCIATED PRESS In a deal that touches all the bases, the New York Yankees are buying back the YES Network for $3.47 billion. The deal will be formally announced today, according to people familiar with the matter.
The Yankees launched YES, the most watched regional sports network in the country, in 2002, and the original investors were the baseball team, Goldman Sachs and the owners of the New Jersey Nets basketball team. The YES Network features programming for the Yankees, Brooklyn Nets, New York City FC , Manchester City and the Atlantic Coast Conference.to Fox in 2012, and Fox increased its stake to 80% in 2014.
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