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Why did George Steinbrenner buy the New York Yankees?

Updated: 8/19/2019
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13y ago

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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.

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Q: Why did George Steinbrenner buy the New York Yankees?
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George Steinbrenner owned approximately 55 percent of the New York Yankees.


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