NEW YORK (CBSNewYork) — The family of former Republican presidential nominee Mitt Romney is bidding to buy a small stake in the New York Yankees.

According to Jon Heyman of WFAN and FanRag Sports, the Romneys are interested in purchasing a $25 million to $60 million share of the storied baseball franchise, which is valued at around $3 billion.

An earlier report by Heyman said Romney himself, a longtime Red Sox fan, was involved in the talks, but the former Massachusetts governor’s spokesperson issued a statement saying that is not the case. Romney’s son Tagg and his business partner Spencer Zwick are leading the efforts, Heyman reported.

The Romneys had reportedly offered $1.4 billion several months ago to buy the Miami Marlins, but that offer appears to be off the table now, Heyman reported. The Romney family had also shown interest in purchasing the Dodgers at one point.

MORE: Keidel: Though Incomplete, Yankees’ Rotation Will Be Intriguing

Tagg Romney founded and sold a software company and later become a partner at the private equity firm Solamere Capital. He also worked on his father’s presidential campaigns in 2008 and 2012.

Financial disclosures in 2007 revealed that Romney’s wife, Ann, had invested in the Yankees’ YES Network but had sold her share by 2012, according to reports.

  1. Marko Hansen says:

    I hope that Romney can keep his religious (Mormon) zealotry out of his reasoning. I get that Mormons hate beer. But baseball is an American pastime. Beer is part of professional baseball, just like playing basketball on Sundays is part of the requirements to be in the Pac-12 conference.

    [The latter is one of the main reasons that BYU was not allowed in the Pac-12 and why they should never be allowed to be in a power conference. Just because the WCC accommodates them, BYU thinks they are entitled to have the world change to satisfy their ridiculous demands. NO!

    I am not claiming that Romney will try to disallow the sale of beer at Yankee games… just sayin’ “Mormons often force their cultist beliefs on the rest of society. Romney don’t even try!]

Leave a Reply