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Baseball Business News

Mets, Yankees ask the city for $450 million more
09/12/2008

The Yankees and Mets baseball teams are asking New York for $450 million more in public bonds to finance their new ballparks, on top of nearly $1.5 billion they were already g...More>
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Chicago Cubs Bids Said to Be Less Than $1 Billion and Dropping
09/12/2008

The bids Tribune Co. received for the Chicago Cubs baseball team ranged from $850 million to $950 million and should decline now that the parent company is in bankruptcy, a pe...More>
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European team in US sport 'in two years'
08/12/2008

London could be home to a team in at least one of the major American sports leagues within two years, according to the man who took David Beckham to Los Angeles. Speaking excl...More>
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Yankees Poised to Splash New-Stadium Cash on Free Agents
08/12/2008

The New York Yankees, with millions in revenue from their new stadium, are poised to ignore the recession and outspend less-fortunate rivals on players during Major League Bas...More>
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Mets Executive Defends Citigroup’s Stadium Naming-Rights Deal
03/12/2008

The chief operating officer of the New York Mets defended the baseball team’s deal to call its new ballpark Citi Field even after sponsor Citigroup Inc. was bailed out by the ...More>
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At least three groups submit bids for Cubs
02/12/2008

At least three groups submitted offers to Tribune Co on Monday, in the latest round of bidding for the Chicago Cubs baseball team, two sources familiar with the process said o...More>
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Marlins new stadium on hold until 2012
26/11/2008

For more than a decade, the Marlins have been pushing for a new ballpark. Their move in date is going to have to wait a little longer than originally planned. After months...More>
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Tribune sets new deadline for Cubs bids
24/11/2008

Bids for the Chicago Cubs baseball team being sold by Tribune Co are due the week of Dec. 1, a top official with Major League Baseball said on Friday. Representatives of fo...More>
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Delta Air Lines to sponsor New York Yankees
24/11/2008

Delta Air Lines (DAL.N: Quote, Profile, Research) is set to announce later on Monday that it will become the official airline of the New York Yankees, the New York Post said. ...More>
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Volcker Tells Baseball Owners He Foresees Extended Economic Slump in U.S.
21/11/2008

Former Federal Reserve Chairman Paul Volcker, an economic adviser to President-elect Barack Obama, told Major League Baseball owners that it will take longer than many people ...More>
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MLB Will Freeze Spending Next Season as Economy Falters
20/11/2008

Major League Baseball won't increase spending next season for the first time in four years because of the deteriorating economy, the sport's No. 2 official said. ``It's a ...More>
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MLB to discuss its sponsorships with DHL after company exits U.S. market
18/11/2008

Major League Baseball will hold talks with DHL about the future of its sponsorship agreements after the Deutsche Post AG unit withdrew from the U.S. express- delivery market. ...More>
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Seven sports seek 2016 inclusion
14/11/2008

Seven sports fighting for inclusion in the 2016 Summer Games will present their cases to the International Olympic Committee today. The leaders of baseball, roller sports,...More>
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Cisco Technologies to Feature in Yankees' $1.3 Billion Stadium
11/11/2008

Cisco Systems Inc., the world's largest maker of networking equipment, will team with the New York Yankees to incorporate fan-friendly technologies in the Major League Basebal...More>
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Tribune may retain half of Chicago Cubs
07/11/2008

Newspaper publisher and broadcaster Tribune Co may end up holding 50 percent or more of its storied Chicago Cubs baseball franchise as the credit crunch stalled sales talks, t...More>
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Baseball Hopes Obama Could Help Its Return To Olympics
07/11/2008

The Associated Press reports that baseball officials think their sport could have a better chance of getting back into the Olympics now that Barack Obama has been elected Pres...More>
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AIG Sign Ranks Among Top Bid-Getters in Shea Stadium Auction
31/10/2008

American International Group Inc., which has become a symbol of Wall Street's credit crisis, can't outdo the leader of the New York Mets' most futile teams in an auction of Sh...More>
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