It was no surprise when Dan Topping, 54, announced last week that he was quitting as president of the New York Yankees and selling his remaining 10% interest for $1,400,000 to the Columbia Broadcasting System. Two years ago, CBS bought control of the Yanks for $11.2 million, and Topping now spends most of his time in Florida. The puzzle was what CBS wanted with the rest of his stock: in those two years, the Yankees have tumbled from first in the American League to dead last, and attendance has fallen off 11%.
Still, insisted...
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