Like Brad Pitt and Angelina Jolie, only a lot more demented, the New York Yankees and Dallas Cowboys were basically meant for each other. Both are teams that print money like a really big, flashy ATM machine; both organizations are known for grabbing the best available player, damn the cost or the character.
Daniel Kaplan and Don Muret of The SportsBusiness Journal are reporting that the two teams have gone in on a business venture together -- a concessions company called Legends Hospitality Management -- which sounds more like it's intended for a hospice than a sports stadium service.
The Yankees and Cowboys each own a third of the company, with Goldman Sachs owning most of the rest for the first-of-its-kind venture.
Legends will manage regular concessions, suite catering and team stores at the new Yankees and Cowboys stadiums, which are set to open next year at a cost of more than $1 billion each. Legends also will pursue accounts in the major leagues, college sports and abroad, the sources said.Talk about a good idea; the Yanks and 'Boys just decided they might as well keep the money in the family, raising $100 million earlier this month to get the company rolling.
The first-of-its-kind initiative between two of pro sports' star teams is the idea of Gerry Cardinale, the Goldman managing director who helped create the Yankees' regional sports channel, the YES Network, and brokered the return of Alex Rodriguez to the team last year.
You know that old saying, "the rich just keep getting richer?" Well, that pertains to this situation, with two men, Jerry Jones and Hal Steinbrenner (George was involved but "took a backseat" in the process), eyeing an idea and pushing in their respective chips.
Anyone want to start throwing numbers around on how much a beer and hot dog costs at these new stadiums? I'm saying $14 for a beer, $9 for a dog. Too low?
[PFT]
Reader Comments (Page 1 of 1)
10-20-2008 @ 6:25PM
the cooker said...
You are probably right, $9 for a hotdog. You forgot that you usually want a bun, some mustard, some relish and some onion and possibly chili, cheese or sauerkraut. How much does the dog cost now???? If you think I am crazy check out a place called 25degrees and figure out what a $9.50 hamburger will cost you with the trimmings. I am sure the Yanks and Cows have.
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10-20-2008 @ 9:25PM
ralphgmiami said...
This is weird as years ago in the state of New Mexico I met real live Cowboys. The way they talked they hate people from the north. They were also mad that the north won the Civil War. They had green teeth and chewed tobacco. When they found out I was from New York, they wanted to fight me calling me "damn Yankee, we shoulda won the civil war!" I said bring it on and they backed off. I guess peace between these two teams is possible if the Russians now get along with Americans and we might have the first half black(and half white) president(those cowboys also made a comment that they were mad that we freed the slaves. I thought i was in an episode of the Twlight Zone but there was no Rod Sterling commenting on the side). I hope the Cowboys will now join the YES (Yankee Entertainment Sports) Network to broadcast games all around Europe, Japan, and yes even to those time stalled hillbillies in New Mexico. I'm still rooting for the Giants when they play the Cowboys though. LOL!
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