Monday, May 11, 2009
Harvard Buys Yankees
(Cambridge, MA, May 11) -- In a surprise move, earlier today President Drew Faust of Harvard University announced that the Harvard Board of Overseers voted in a special meeting this weekend that Harvard will be purchasing the New York Yankees. "It's unfortunate that we'll be investing in the Yankees, despite our own origin in Yankee culture and regular presence in Yankee Magazine," Faust said. "However, we must abide by the vote of the Board of Overseers. With this huge expense in store, we'll be discontinuing the Harvard Athletics Program to compensate. After this year's stock market mishaps, and because a large portion of our Endowment was invested with Bernie Madoff, the budget simply couldn't handle both." Stipulations of the purchase, negotiated by Goldman, Sachs & Co., are that if The New York Times closes The Boston Globe, Harvard will suspend the remainder of the 2009 Yankee season. Furthermore, the Yankees are required to purchase Manny Ramirez's contract and Johnny Damon will be benched until 2010. Red Sox manager Terry Francona said: "I have already been in touch with George Steinbrenner concerning Harvard's purchase and its stipulations. It was a very unpleasant call." Steinbrenner refused to respond to repeated phone calls from The Globe. "He did agree to suspend the broadcasting of 'Sweet Caroline' during games, however," added Francona. Regarding the poor performance of the Yankees against the Red Sox so far this year, rumors abound that several Harvard students buried a baseball last used by Tim Wakefield under the new Yankee Stadium pitcher's mound. This rumor has not been confirmed. Dewey Machalot, Managing Partner of Goldman Sachs, Inc., said, "Additional rumors about Harvard purchasing Yale are untrue. They did consider it, but Yale's asking price was much too high. It was in the hundreds of thousands." "We would consider purchasing a better university," said Faust.