One wildcard is that we don't really know what the terms of the Yankees investment was. Did they give us a sweetheart lease and backend support in exchange for equity? Did they plunk down cash? Was there any stadium in Bronx language in the deal?Huh, forgot that. It doesn't change my analysis, which is mostly based on the assumption that the Yanks will hold or sell based on business/financial considerations, and not on some petulant disappointment that NYCFC decided to build near the Mets. And on that point, if the yanks really wanted NYCFC to settle near them, they would have found a way to make it happen. It came pretty close, they scuttled it for other reasons, and I think it's pretty clear they don't care, but they do care about the bottom line and this club is a very appreciating asset. It does not make sense to sell now.
We heard, I believe only unofficially, that the Yankees were20% partners at the launch, but early investors can get diluted during down rounds or capital raises. Partners can also have specific performance targets.
Basically, there is a lot we don't know about the Yankees and their rumored 20% investment. With that being said, I highly doubt they are gone entirely.