The LoHud Yankees Blog

A New York Yankees blog by Chad Jennings and the staff of The Journal News

The state of Steinbrenner

Posted by: Peter Abraham - Posted in Misc on Aug 03, 2007 Print This Post Print This Post | Email This Post Email This Post

Conde Naste Portfolio magazine paints a rather unflattering portrait of George Steinbrenner in the September issue.

It’s nothing we haven’t heard before or that was reported during spring training. Steinbrenner is 77, had bad knees and is fading mentally. Like many people at that stage, he has good days and bad days.

Personally, I thought the writer was unethical to sneak into his house the way he did. The story also has a cruel tone and at the end relies heavily on quotes from Hank Steinbrenner that are 20 years old.

It has been obvious for months now that his sons and other team officials make decisions as a group. The big question is whether they will sell the Yankees upon Steinbrenner’s death.

That decision likely turns on how the finances are structured. If estate taxes are going to wipe out much of the profit, why sell? But I get little sense that Hank or Hal Steinbrenner want to run a baseball team, certainly not like their father did.

Steve Swindal really botched this up. He and his (soon-to-be-ex) wife Jennifer are very sharp and would have been good owners. But Swindal is out and the future is uncertain.




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