A foundation started by New York Yankees third baseman Alex Rodriguez gave only 1 percent of proceeds to charity during its first year of operation in 2006, then stopped submitting mandatory financial reports to the IRS and was stripped of its tax-exempt status. Yet the group’s website still tells visitors the A-Rod Family Foundation is a nonprofit organization.
Speaking on Friday at the Yankees’ minor league complex, Steinbrenner said the situation is “a concern, but it’s out of our hands.”
“We will cooperate with MLB in any way we can, any way we’re asked to,” he said. “But other than that, there’s not much to say. I don’t know any more than you do.
Alex has no plans at all to retire,” said the source, which ESPN noted has “close personal ties” to Alex Rodriguez.