On March 26, 2006, the "Staten Island Advance" reported that the teams' majority owners, the Getzler family, were considering selling their 51% share of the team, and were asking for between three and five million dollars. The New York Yankees purchased the Getzler's interest in the team and in return hired Mandalay Sports Properties to run the day-to-day operations of the team. Part of the agreement was that the New York Yankees and Mandalay become equal partners and Mandalay now owns 50% of the Staten Island Yankees.