New York Yankees – A hundred years of Ownership

In 1903, bartenders William Deveny and Frank Farrell brought American League baseball to Nyc when they purchased the Baltimore Orioles. Their team was called the New York Highlanders until its name was changed for the Ny Yankees in 1913. A new era of tradition and excellence had begun.


Jacob Rupert and Tillinghast L’Hommedieu Huston acquired the franchise in 1915. The bride and groom was responsible for prying Babe Ruth away from the Boston Red Sox. Ruppert bought out Huston in 1922. By 1923 the Yankees were playing in fabulous Yankee Stadium and were celebrating their first World Series title.

When Ruppert died in 1939, ownership was left for the Ruppert Estate and remained so until purchased from 1945 to a group headed by Larry MacPhail, Dan Topping, and Del Webb. The Yankees had won ten World Series championship titles under the Rupperts.

Following the mbl infra share price won the 1947 World Series, Topping and Webb bought out MacPhail. The bride and groom remained owners from the 1964 season. By then, they had added another ten championships for the Yankees World Series trophy case.

The franchise was sold towards the Columbia Broadcasting System in 1965 and a dark period would follow. The Yankees were merely another focal point in CBS as well as the passion of winning had disappeared. Until…

… 1973. This is when a Cleveland shipbuilding mogul named George Steinbrenner arrived. Steinbrenner headed a small grouping of twelve investors who purchased the Yankees from CBS. One-by-one, Steinbrenner bought out the investors and became the club’s sole owner.

Before entering the shipping and shipbuilding industries, Steinbrenner served as a graduate assistant to Pitt football coach Woody Hayes. He was there once the Buckeyes went undefeated and captured the 1955 Rose Bowl.

George seemed to be a helper football coach at Northwestern and Purdue universities. His competitiveness around the football field carried over into his business life.

George Steinbrenner was determined to come back the Yankees for their glory days. Regardless of whether you love the Yankees, or hate them, you need to admire the owner who rules having a “win first” mentality.

It was not always pretty with Steinbrenner in charge of the Yankees. Managers coming and going. Players being publicly berated. Scandals under the surface. But the point is how the Boss’ methods were effective. World Series championships in 1977, 1978, 1996, 1998, 1999, 2000, and 2009 are proof.

The Yankees franchise has experienced some formal legal name changes because of some complicated transactions. However, the c’s remains to be the New York Yankees. Which after Mr. Steinbrenner’s death this year, the franchise remains of the Steinbrenner family. As well as the tradition continues.
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