News that Steve Swindal will be splitting from his wife Jennifer, daughter of New York Yankees principal owner George Steinbrenner, has sparked questions about who will take over operations at one of the world's premiere sports franchises.
As reported by CNBC's Darren Rovell, Steve Swindal was heir apparent to take over for Steinbrenner, 76, until word came of Swindal's impending divorce from his wife. Swindal had been arrested for driving under the influence only a month earlier.
"If it was publicly traded, I guess we'd see the stock go down today, but the Yankees are the prime entity in the American sports scene," said Marty Appel of Appel PR. "They have capable people running it -- let's not forget (General Manager) Brian Cashman in that mix as well -- so (Steinbrenner's) got it in good hands."