New York Yankees – A century of Ownership

In 1903, bartenders William Deveny and Frank Farrell brought American League baseball to New york once they purchased the Baltimore Orioles. Their team was referred to as Ny Highlanders until its name was changed to the New York Yankees in 1913. A brand 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 in charge of prying Babe Ruth away 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 remained towards the Ruppert Estate and remained so until bought from 1945 to some group headed by Larry MacPhail, Dan Topping, and Del Webb. The Yankees had won ten World Series championship titles under the Rupperts.

Following the pitching machine won the 1947 World Series, Topping and Webb bought out MacPhail. The happy couple remained owners from the 1964 season. At that time, they’d added another ten championships towards the Yankees World Series trophy case.

The franchise was sold to the Columbia Broadcasting System in 1965 along with a dark period would follow. The Yankees were just another focal point CBS and the passion of winning had disappeared. Until…

… 1973. This is when a Cleveland shipbuilding mogul named George Steinbrenner came along. Steinbrenner headed several 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 like a graduate assistant to Pitt football coach Woody Hayes. He was there when the Buckeyes went undefeated and captured the 1955 Rose Bowl.

George have also been an assistant football coach at Northwestern and Purdue universities. His competitiveness on the football field carried over into his business life.

George Steinbrenner was determined to go back the Yankees to their glory days. Whether you love the Yankees, or hate them, you must admire the owner who rules having a “win first” mentality.

It was not always pretty with Steinbrenner responsible for the Yankees. Managers coming and going. Players being publicly berated. Scandals under the surface. However 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 as a result of some complicated transactions. However, they remains to be the The big apple Yankees. And even after Mr. Steinbrenner’s death this season, the franchise continues to be owned by the Steinbrenner family. And the tradition continues.
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