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REPORTS: Yankees nearly double their credit limit, may be preparing to buy a soccer stadium site

According to an inside source, the Yanks ownership is gearing up for a big purchase, and it's got nothing to do with the Bronx Bombers' payroll.

Adam Hunger-USA TODAY Sports

Today, the New York City FC family may have just received some news hot enough to melt January.

Read this direct quote. Really, really read it:

"The New York Yankees could be closer to finding a home for their MLS team after getting access to additional borrowing capacity."

Yes, according to a fresh report from Daniel Kaplan of the Sports Business Journal (behind paywall), an unnamed source "close to the Yankees" has shared that Yankees Global Enterprises has increased its credit limit from about $175 million to over $300 million. Interestingly, as relayed by our friends at NYCFC Nation, the increase in borrowing capacity will not be used to acquire baseball talent:

"This source said to expect news soon on a new stadium site for NYCFC."


The sheer weight of the ongoing stadium site malaise, even while the Frank Lampard contractual saga wore on, has really always been the biggest flaw in this whole experiment. We've long passed the point where any news feels like good news, as if there's some chance that club brass could possibly forget about how singularly important a legitimate stadium deal really is for soccer in New York.

Could this be the week in which our greatest hope becomes reality?

Or shall it remain just an illusion? A CONSTRUCT?