George Steinbrenner was an owner of the Cleveland Pipers from 1961-1962. This was a team that played in the short-lived American Basketball League.
On July 13, 2010, New York Yankees owner George Steinbrenner died.
CBS bought the club from Vegas entrepreneur Del Webb for $13.2 million at the end of the 1964 season, allowing Webb to retain a 20% ownership. The sale was approved by the league, on the condition that the Yankees were an independent entity and not influenced by the network. Including 1964, the Yankees had won 14 pennants and 9 World Series in the previous 16 seasons. The Yankees promptly became a second-division club and didn't win another pennant or division while under the stewardship of CBS. At the beginning of of the 1973 season, the network sold the club to Steinbrenner, CBS Executive Michael Burke, and 10 other investors for $10 million. Steinbrenner's original share was only $168,000, or less than 2%. Steinbrenner forced Burke out the following year and gradually assumed majority ownership in the club. Today the club is worth an estimated $5 billion, more than any other American sports franchise, except the Dallas Cowboys.
George Steinbrenner died of a massive heart attack on July 13, 2010. Past speculations about his health: In December 2003, at the funeral of his long time friend Otto Graham, Steinbrenner fainted, leading to extensive media speculation that he was in ill health. In October 2009, a CBS sports blogger (see link below) wrote that it is no secret Steinbrenner was seriously ill. However, the Yankees protect his privacy so fiercely that it is rare to catch a glimpse of him anymore.
On November 2, 1964, the Columbia Broadcasting System (CBS) bought an 80 percent stake in the New York Yankees for $11.2 million. The network later purchased the remaining 20 percent. During the 1965 season, CBS' Game of the Week began airing a majority of Yankees contests on weekends during the regular season. On January 3, 1973, a group headed by shipbuilding magnate George Steinbrenner III bought the Yankees for $10 million and a couple of parking garages. Steinbrenner served as the ballclub's principal owner until his death in 2010. The Yankees are now run by Steinbrenner's sons Hal and Hank. The Yankees won World Series titles in 1977, 1978, 1996, 1998, 1999, 2000 and 2009 during the Steinbrenner era. In July 2014, Forbes magazine issued its list of the top 50 sports franchises in the world. The Yankees were No. 4, behind three European soccer teams. The magazine reported the baseball club's value at $2.5 billion.
George Steinbrenner was a sports devotee' and loved the Yankee tradition, even though he was from Cleveland, the location of his lucrative ship building business. He saw the Yankees as a bargain and possibly visualized baseball's future ability to generate revenue (the reserve clause, which kept salaries low and 'indentured' players to one team, was still in effect). What changed the game (after free agents became available), was George's successful purchases of Hall of Famers Catfish Hunter and Reggie Jackson, two catalysts in the Yankees 1977 and 1978 World Championships. From then on, and psychiatrists can argue the rest, owning the Yankees was a guilty pleasure for George. Power didn't hurt, either.
George Stienbrenner of the Yankees
1. Glascow Rangers (53), 2. Real Madrid (31), 3. New York Yankees (27), 4. Montreal Canadiens (23), 5. Manchester United (21)
The Greeen Bay Packers.
1. Rangers (Hockey) 2. Jets (Football) 3. Giants (Football) 4. Yankees (Baseball) 5. Knicks (Basketball) 6. Mets (Baseball) 7. Nets (Basketball)
Dan Topping and Del Webb bought the New York Yankees from the estate of Jake Ruppert for $2.8 million dollars. Within a year's time they were able to sell their shares of the New York Yankees to the TV network of CBS for $14 million.
Forbes Listed the Manchester United as the richest sports team in 2009, Dallas Cowboys were second.
The Houston Texans and the Charlotte Bobcats.