Yankees Forfeit To Boston!
Posted by Steve L. on September 19th, 2006 · Comments (3)
From WCSH6.com -
Yankees Among Companies And Individuals On Unclaimed Property List
Web Editor: Rhonda Erskine, Online Content Producer
Updated: 9/18/2006 11:07:04 PMIt appears Massachusetts is holding unclaimed money for the Evil Empire. State Treasurer Tim Cahill says the New York Yankees are on the state’s list of abandoned property.
The team has just over $1,100 in unclaimed cash.
Under state law, financial assets that have been inactive for more than three years are deemed “abandoned” and turned over to the state.
Gotcha!
Look at Big Stein – leaving money on the table in Beantown. Who would have thunk it?
$1,100 is a pittance although it does raise an interesting question about who exactly is doing the internal accounting for the team. When a business closes the books on the month-to-month ledgers, a credit of $1,100 that is missing is kind of a big deal.
Dang… Forgot to carry the 1
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