Through the 2010 season, that would be the New York Yankees who have won the American League championship 40 times, the World Series championship 27 times, and the American League East Division championship 16 times.
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The World Series.
The commissioner and creator of baseball, in the time Major League Baseball was organized, wanted the championship to be decided by the top teams in each league. So, they created the American League and National League. The winner of each league faces each other in the World Series to decide the champion.
Major League Baseball.
Bud Selig is the Commissioner of Major League Baseball.