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CBS bought 80% of the Yankees after the 1964 season for $11.2 million.

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$11.2 million

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17y ago
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Q: How much did CBS sell the New York Yankees for?
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Continue Learning about General History

Which TV station did George Steinbrenner purchase the New York Yankees from?

In 1973, George Steinbrenner purchased the Yankees from CBS Broadcasting Inc.


Who owned the New York Yankees before George Steinbrenner?

George Steinbrenner owned the New York Yankees from 1973-2010. On November 20, 2008, MLB owners approved the teams shift of control from George to his sons, Hal and Hank Steinbrenner.These were the previous team owners:CBS Broadcasting Inc. - (1964-1973)Dan Topping, Del Webb, and Larry MacPhail (1945-1964)Jacob Ruppert - (1922-1945)Jacob Ruppert and Tillinghast L'Hommedieu Huston - (1915-1922)William S. Devery and Frank J. Farrell - (1903-1915)CBS bought the New York franchise from Dan Topping and Del Webb in 1964. George Steinbrenner bought the Yankees from CBS.


What year did Mike Burke become the president of the New York Yankees?

In 1966, CBS executive Mike Burke took over as president after manager, Johnny Keane, was fired and GM Ralph Houk replaced him. After Steinbrenner bought the Yankees from CBS on January 3, 1973, Burke stayed on as president but quit in April. He continued to hold a minority share into the 1980s


When did Brian Cashman and George Steinbrenner buy the New York Yankees?

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.


How much money did Alex Rodriguez make in 2009?

2007: According to CBS SportsLine, Rodriguez' 2007 salary is $22,708,525.2010: In 2010, Alex Rodriguez' salary was $33,000,000.2013: Yankees player Alex Rodriguez will make $29 million in 2013.