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Home > Company Index > Leisure > Professional Sports Teams & Organizations > YankeeNets LLC

YankeeNets LLC
 NEWS FROM THE STANDARD
Planet Web: A Match Made in Marketing Heaven?
Feb 12 2001 02:04 PM PST

N.Y. Yankees, Manchester United Team Up
Feb 07 2001 03:58 PM PST

 PROFILE
YankeeNets is taking Big Apple sports to a new level. The holding company owns the New York Yankees baseball team, the New Jersey Nets basketball team, and the New Jersey Devils hockey team and oversees their business operations. (Principal owners George Steinbrenner of the Yankees and Lewis Katz and Ray Chambers of the Nets and Devils retain direct control of their respective teams.) The firm is working to launch a regional cable sports network and has formed cross-marketing agreements with both the New York Giants football team and UK soccer team Manchester United. It is also building a new $355 million arena for the Nets and Devils in Newark. YankeeNets was created in 1999 through the merger of the Yankees and the Nets. The Yankees and Nets ownership groups each own 50% of the company.

 FINANCIAL OVERVIEW
1998 Sales (mil.): 241.00
Employees: 300
Revenue per employee: $803,333.33

 KEY PEOPLE
• Harvey W. Schiller
    CEO
• Keith Hightower
    CFO

 CONTACT INFO
45 Rockefeller Plaza
New York, NY 10111
US
Phone: 212-218-5100
Fax: 212-218-5111
Online: Web Site

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