In 1973, George Steinbrenner purchased the Yankees from CBS Broadcasting Inc.
George Steinbrenner owned approximately 55 percent of the New York Yankees.
Yankees
George Steinbrenner has won 7 World Series championships with the Yankees. They were in 1977, 1978, 1996, 1998, 1999, 2000 and 2009.
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.
The Yankees are owned by Yankee Global Enterprises LLC. This is a company controlled by the Steinbrenner family. Hank & Hal Steinbrenner, sons of the late George M. Steinbrenner III, are co-owners of the New York Yankees. On November 20, 2008, MLB approved the shift of control of the Yankees from George to his sons.George M. Steinbrenner III passed away on July 13, 2010.
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George Steinbrenner was the New York Yankees owner from 1973-2010.
George Steinbrenner owned approximately 55 percent of the New York Yankees.
Yankees
George Steinbrenner owned the Yankees.
The Yankees won seven World Series with owner George Steinbrenner.1977, 1978, 1996, 1998, 1999, 2000 and 2009.
The Yankees won seven championships under the ownership of George Steinbrenner. They won in 1977, 1978, 1996, 1998, 1999, 2000, and 2009.
George M. Steinbrenner field is a baseball stadium located in Tampa, Florida. The George M. Steinbrenner field serves as the home to the Tampa Yankees.
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George Steinbrenner has won 7 World Series championships with the Yankees. They were in 1977, 1978, 1996, 1998, 1999, 2000 and 2009.
Yes, they did. CBS owned the Yankees from August 13, 1964 up until January 3, 1973, when George Steinbrenner and E. Michael Burke purchased them.
Yankees owner George Steinbrenner passed away from a massive heart attack on Tuesday, July 13, 2010. He was 80 years old.