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George Steinbrenner’s purchase of the New York Yankees in 1973 was a watershed moment in the team’s history. Under his ownership, the Yankees became one of the most successful franchises in all of sports. So, what year did George Steinbrenner purchase the Yankees?
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George Steinbrenner’s Early Life
George Steinbrenner was born on July 4, 1930, in Rocky River, Ohio, to parents Henry and Rita Steinbrenner. George’s father, Henry, was a successful shipping magnate who Steinbrenner later credited with instilling in him the drive to be “the best”. Growing up, Steinbrenner was athletic and excelled in both baseball and football. In high school, he ran track and field, and served as captain of both the baseball and football teams.
Born in Ohio in 1930
George Steinbrenner was born in Rocky River, Ohio, on July 4, 1930. He was the eldest child of Henry and Rita Steinbrenner. His father was a successful shipping magnate who ran Kinsman Marine Transit Company, which operated a fleet of cargo ships that transported ore and grain on the Great Lakes. George Steinbrenner’s grandfather had emigrated to the United States from Germany in 1885.
Growing up, Steinbrenner was active in baseball and track and field. He attended Culver Military Academy in Indiana before enrolling at Williams College in Massachusetts, where he played football and baseball. Steinbrenner graduated from Williams in 1952 with a bachelor’s degree in science.
Graduated from Williams College in 1952
George Steinbrenner was born in Rocky River, Ohio, on July 4, 1930. He was the third of four children born to Rita (nee Hayworth) and Henry George Steinbrenner II. Rita’s father, Joseph Hayworth, had immigrated from Baden-Baden, Germany, in 1892; her mother’s family was of German descent as well. Henry’s parents, Susan (nee Manger) and Christopher Columbus Steinbrenner, were of German ancestry as well. Susan moved the family to Bay Village, Ohio when George was two years old.
Served in the U.S. Air Force
After Steinbrenner was discharged from the Army Air Forces, he returned to The Kinsman Company. In 1957, Steinbrenner became a minority partner in the Yankees. That same year he was named president of American Shipbuilding, which had Kinsman Marine as one of its subsidiaries.
George Steinbrenner’s Business Career
In January 1973, George Steinbrenner purchased the New York Yankees for $10 million from CBS. At the time, the Yankees were the most successful team in baseball, having won the World Series in 1977 and 1978. Steinbrenner, a shipping magnate, had no prior experience in baseball.
Founded American Ship Building Company in 1955
George Steinbrenner’s business career began in 1955 when he founded American Ship Building Company. The Ohio native turned his attention to baseball in 1960 when he headed a group that purchased the minor league Cleveland Indians. Four years later, Steinbrenner became the sole owner of the team.
Purchased New York Yankees in 1973
In January of 1973, George Steinbrenner purchased the New York Yankees for $8.7 million from CBS. Over the next 37 years, Steinbrenner would become one of the most controversial and successful team owners in Major League Baseball history.
Under Steinbrenner’s leadership, the Yankees would go on to win 11 American League pennants and seven World Series championships. He was also inducted into the Baseball Hall of Fame in 2010.
However, Steinbrenner was also known for his tumultuous relationship with the media, his constant firing and hiring of managers, and his interference in player personnel decisions. In 1990, he was even banned from baseball for two years by Commissioner Fay Vincent for paying a gambler to dig up dirt on former Yankees outfielder Dave Winfield.
Whether you loved or hated him, there’s no denying that George Steinbrenner was one of the most influential figures in baseball history.
George Steinbrenner’s Later Years
George Steinbrenner was an American businessman who owned the New York Yankees. He was born in 1930 and passed away in 2010. In 1973, Steinbrenner purchased the Yankees for $8.7 million. He was the principal owner of the Yankees for 37 years, until his death.
Donated millions of dollars to charity
George Steinbrenner’s legendary philanthropy continued into his later years. In 2006, he pledged $1 million to the Boys & Girls Clubs of Tampa Bay. The gift was used to create the George M. Steinbrenner III Clubhouse at the Robert Prompt Site in Hillsborough County, Florida. The 23,000 square-foot facility provides a safe place for local kids to play and learn.
In 2007, Steinbrenner donated $5 million to the New York Yankees Foundation. The donation was used to create the George M. Steinbrenner High School for Music & Art and Performing Arts in the Bronx, New York City. The school opened its doors in September 2009.
In 2010, Steinbrenner’s final year, he donated $1 million to Job Corps. The donation was used to create the George M. Steinbrenner Job Corps Academy in Tampa, Florida. The academy provides free education and job training to eligible young people ages 16-24
Died in 2010
George Steinbrenner’s Later Years – (What Year Did George Steinbrenner Purchase the New York Yankees?)
Died in 2010
George Steinbrenner, the owner of the New York Yankees, died on July 13, 2010, at the age of 80. He had been in failing health for some time and had been hospitalized several times in recent years.
Steinbrenner was one of the most controversial and successful owners in professional sports. He purchased the Yankees in 1973 for $10 million and turned them into one of the most successful and valuable franchises in all of sports. Under Steinbrenner’s leadership, the Yankees won seven World Series titles and 11 American League pennants.
While Steinbrenner was often criticized for his meddling ways, there is no doubt that he was a brilliant businessman who helped to make the Yankees one of the most iconic sports franchises in the world.
George Steinbrenner’s Legacy
George Steinbrenner was an American businessman and sports executive who owned the New York Yankees. He was born in Rocky River, Ohio, and died in Tampa, Florida. Steinbrenner was the principal owner and managing partner of the Yankees for 37 years, until his death in 2010. Under his ownership, the Yankees won seven World Series titles and 11 American League pennants.
Remembered as one of the most successful owners in baseball history
George Steinbrenner will always be remembered as one of the most successful and controversial owners in baseball history. He bought the New York Yankees in 1973 for $8.7 million and turned them into a global brand worth an estimated $1.6 billion today. Under Steinbrenner’s leadership, the Yankees won 11 American League pennants and seven World Series titles. He was also instrumental in the construction of new Yankee Stadium, which opened in 2009.
Although Steinbrenner was loved by many Yankees fans, he was also reviled by some for his brash style and constant meddling in team affairs. He was suspended from baseball twice, first for hiring a gambler to dig up dirt on one of his players and later for making illegal campaign contributions to Richard Nixon’s re-election campaign.
George Steinbrenner passed away in 2010 at the age of 80. His legacy as one of the most successful and controversial figures in baseball history will forever be remembered by fans of the game.
Helped revive the Yankees franchise
George Steinbrenner was an American businessman and principal owner of the New York Yankees. During his 37-year ownership from 1973 to 2010, the longest in club history, the Yankees earned seven World Series titles and 11 pennants. His outspokenness and role in driving up player salaries helped revive the Yankees franchise, which had fallen on hard times when he purchased the team.
