In 1903, bartenders William Deveny and Frank Farrell brought American League baseball to New york after they purchased the Baltimore Orioles. Their team was referred to as Ny Highlanders until its name was changed towards the Ny Yankees in 1913. A fresh era of tradition and excellence had begun.
Jacob Rupert and Tillinghast L’Hommedieu Huston acquired the franchise in 1915. The pair was in charge of prying Babe Ruth from the Boston Red Sox. Ruppert purchased 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 towards the Ruppert Estate and remained so until bought 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 your batting helmets won the 1947 World Series, Topping and Webb purchased MacPhail. The pair remained owners through the 1964 season. At that time, that they had added another ten championships for the Yankees World Series trophy case.
The franchise was sold to the Columbia Broadcasting System in 1965 plus a dark period would follow. The Yankees were yet another asset to CBS and the passion of winning had disappeared. Until…
… 1973. This is when a Cleveland shipbuilding mogul named George Steinbrenner emerged. Steinbrenner headed a small grouping of twelve investors who purchased the Yankees from CBS. One-by-one, Steinbrenner bought out the investors and have become 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 when the Buckeyes went undefeated and captured the 1955 Rose Bowl.
George was also a helper football coach at Northwestern and Purdue universities. His competitiveness around the football field carried over into his business life.
George Steinbrenner was resolute to come back the Yankees with their glory days. Whether you love the Yankees, or hate them, you must admire a holder who rules with a “win first” mentality.
It wasn’t always pretty with Steinbrenner in control of the Yankees. Managers coming all night. Players being publicly berated. Scandals under the surface. Nevertheless the bottom line is 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 as a result of some complicated business transactions. However, the team remains the New York Yankees. And even after Mr. Steinbrenner’s death in 2010, the franchise remains owned by the Steinbrenner family. And also the tradition continues.
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