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Old 10-20-2008, 09:58 PM   #1 (permalink)
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Jerry Jones joins forces with George Steinbrenner

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NEW YORK (AP)—Dallas Cowboys and New York Yankees. Jerry Jones and George Steinbrenner.

Two of the most recognizable franchises in all of sports—and two of the highest-profile owners—are forming a company together. Legends Hospitality Management will handle concession and merchandise sales at the clubs’ new stadiums, with the goal of eventually doing the same for other pro teams and college programs.

“Mr. Jones and my dad have had a mutual respect for each other for decades,” Yankees co-chairman Hal Steinbrenner said at a news conference Monday. “So it made perfect sense for us.”

Each franchise moves into a new stadium next year.

Gerald Cardinale of Goldman Sachs, who has worked with the Yankees and their YES Network, first pitched the idea more than a year ago. The Cowboys already manage their own concessions and merchandising.

Yankees president Randy Levine said his team will have a “market-rate” rights agreement with Legends, and that money will be subject to Major League Baseball revenue-sharing. But the company’s profits will not.

Former Pizza Hut presid


Cowboys, Yankees form company for new stadiums - Yahoo! Sports
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Old 10-20-2008, 10:01 PM   #2 (permalink)
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This would be absolutely terrible. The two biggest tycoons that attempt to buy championships in their collective sports teaming up? That has negative written all over it.
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Old 10-20-2008, 10:28 PM   #3 (permalink)
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They're only getting stuff for their new stadiums, not like they're joining up to buy a team or open a chain of businesses.
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Old 10-20-2008, 10:46 PM   #4 (permalink)
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Quote:
Originally Posted by Fire Wade View Post
They're only getting stuff for their new stadiums, not like they're joining up to buy a team or open a chain of businesses.
yeah not yet.........


the combination still scares the hell outta me

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