Following a trend in corporate naming, the New York Yankees have been renamed the New York Goldman Sachses after a corporate buyout from Goldman Sachs investment bank.

“After last quarter’s record profit, we just didn’t know what to do with all our money,” Goldman Sachs CEO Hank Paulson explained at a press conference. “We saw what happened with Red Bull and the Metro Stars soccer team. So we bought and renamed what was then called the New York Yankees.”

“We had jokingly considered donating to charities that would help starving African majorities gain control over their local economies. Boy did we have a good laugh about that one. Let’s just say that buying and renaming the Yankees was a no-brainer.”

Yankees owner George Steinbrenner welcomed the move, citing “the profound importance of global marketing.” “We need to synergize our corporate interests to increase profitability and shareholder value,” he said.

But not everyone was happy with the name change. “This is really a shame,” said one analyst. “A more targeted name would have been better. Something like ‘The New York Goldman Sachs Trading and Principle Investments Divisions.’ The chosen name may increase brand awareness, but it may have a harder time reaching some of Goldman Sachs’s core clients.”