Former U.S. presidential candidate Mitt Romney seems to be exploring a business opportunity in New York. Along with his son Tagg and other family members, Mitt is bidding to purchase a small stake in the Yankees according to Jon Heyman of FanRag Sports.
The former Massachusetts governor has reportedly shown interest in buying the Miami Marlins over the past few months, but that seems to be off the table now. The Romneys are said to have offered $1.4 billion for the Marlins, but are looking for a smaller investment with the Yankees. They also considered buying the Los Angeles Dodgers years back, another negotiation that didn’t go through.
Romney is expected purchase one or two “points” for roughly $25-$30 million each. The Yankees are valued around $3 billion. According to Forbes, the Yankees are second to the Dallas Cowboys for the highest valued sports franchise in North America.