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Blog Entry

Former Yanks heir apparent trying to buy agency

Posted on: May 23, 2011 1:36 pm
Edited on: May 23, 2011 2:48 pm
 
By Evan Brunell

Former Yankees owner-in-waiting Steve Swindal is hoping to purchase SFX Baseball Group, a firm that currently represents 93 players on 40-man rosters in baseball, the SportsBusiness Journal reports.

Swindal is hoping to merge SFX with his youth baseball academy in the Dominican Republic, which will allow him to pitch to investors that SFX has an advantage in representing baseball players.

The deal "has not yet been consummated, but Swindal has hired investment bankers who are soliciting Wall Street investors to provide seed money for the new company as well as funding to buy SFX Baseball," Liz Mullen writes.

Swindal was the heir apparent to George Steinbrenner as his son-in-law, but a DUI arrest and divorce from Steinbrenner's daughter forced him from the organization, causing Hank and Hal Steinbrenner to step in.

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Category: MLB
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hotmeuly
Since: Dec 2, 2011
Posted on: December 22, 2011 10:23 pm
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