Wall Street Banker Offers $54 million For a Predominantly Yankee Fans Social Network Site, My Yankee Story, No Affiliation with The Franchise

Top Quote A Day After Baseball's 2011 Season Starts In NYC, An Anonymous Wall St Banker Offers To Buy N.Y. Startup, My Yankee Story, a Sports Social Network Site. His Justification, I Didn't Make It as Pro Baseball Player, I Can't Buy an MLB Team, So I Will Buy a Social Site, Build Value and Gift It To My Sons. End Quote
  • New York, NY (1888PressRelease) April 02, 2011 - The newly launched social network sports site, My Yankee Story, has just received a buyout offer from a wealthy Wall St banker. Although the banker opted to retain his anonymity, reliable sources reveal the deal's valuation was not that complicated and didn't require much calculation.

    It is a buyout offer being led by emotions, rather than the usual Wall Street calculated methodology. The buyer, a huge N.Y. Yankee fan who did not make it to the majors, feels he is achieving his lifelong dream by owing an asset he considers, brings closure to something he always wanted to achieve, becoming a pro baseball athlete.

    Since he did not make it as a pro, he plans to acquire something which makes him feel accomplished. He offered $2 million per World Series Championship, which amounts to the $54million total. It may not be Facebook or Groupon's type of valuation figure, but let's face it, in today's economy that's really good for a website that just launched operations and has a core niche. The Banker said after the deal is done, it will make him feel like "The Boss" with his own team.

    Although the site predominantly attracts Yankee fans, an in-depth look revealed that fans who support any of the 30 MLB teams, can use a feature to comment on any game, going as far back as the 40s, if they cared to share their game commentary. When asked what he was going to do with the site, the buyer said he will keep it for his children as a legacy or heritage asset.

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