It's going to be pretty tough for the general public to believe New York Yankees owner Hal Steinbrenner when he pleads poverty — especially with Forbes valuing the franchise at approximately $7.5 billion in 2024,

New York Yankees owner Hal Steinbrenner admitted that "it's difficult" for MLB team owners to compete with the Los Angeles Dodgers' spending, but also believes his team is better than it was at this time last year.

Don't expect the New York Yankees to match the Los Angeles Dodgers in spending anytime soon, judging from their controlling owner's recent comments. Yankees chairman Hal Steinbrenner responded to the Dodgers' run of recent signings,