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Hal Steinbrenner: Yankees Not for Sale

Mike Stobe/Getty Images(NEW YORK) -- The New York Yankees were reportedly up for sale for potentially as much as $3 billion, according to the New York Daily News Thursday.

Still, Yankees part-owner Hal Steinbrenner denied those rumors.

"I just learned of the Daily News story," Steinbrenner said in a statement Thursday.  "It is pure fiction.  The Yankees are not for sale.  I expect that the Yankees will be in my family for many years to come."

Hal's father, the late George Steinbrenner purchased the club for $8.8 million in 1973 and the Steinbrenner family has brought seven World Series titles to New York since.

Last year, according to Forbes, the New York Yankees were the third-most valuable sports franchise.

Copyright 2012 ABC News Radio

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