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The New York Yankees are a Major League Baseball team that plays in the American League East division. They are one of the most successful teams in baseball history, winning 27 World Series championships. The team is currently owned by a group of investors led by Hal Steinbrenner.
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The New York Yankees
The New York Yankees are an American professional baseball team based in the New York City borough of the Bronx. The Yankees compete in Major League Baseball (MLB) as a member club of the American League (AL) East division. They are one of two major league clubs based in New York City, the other being the National League’s (NL) New York Mets.
The team’s history
The New York Yankees are an American professional baseball team based in the Bronx, New York. They compete in Major League Baseball (MLB) as a member club of the American League (AL) East division. They are one of two major league clubs based in New York City, the other being the National League’s (NL) New York Mets. The Yankees began play in the 1901 season as the Baltimore Orioles (no relation to the modern Baltimore Orioles franchise). In 1903, Frank Farrell and Bill Devery purchased the franchise after it ceased operations and moved it to New York City, renaming the club the New York Highlanders. The Highlanders were officially renamed the New York Yankees in 1913.
The team’s ownership
The New York Yankees are a baseball team that plays in the American League East of Major League Baseball. The team is owned by Yankee Global Enterprises, which is controlled by the family of former George Steinbrenner, the late principal owner and chairman of the team.
The current managing general partner is Hal Steinbrenner, who is George’s son. Hal is also co-chairman of Yankee Global Enterprises with his brother, Hank Steinbrenner. Other members of the Steinbrenner family have minority ownership stakes in the team.
In addition to the Steinbrenners, other notable limited partners of the Yankees include former Yankees players Derek Jeter and Mariano Rivera, as well as record producer and rapper Jay-Z.
The New York Yankees’ Owners
The New York Yankees are an American professional baseball team based in the Bronx, New York City. They compete in Major League Baseball (MLB) as a member club of the American League (AL) East division. They are one of two major league clubs based in New York City, the other being the New York Mets of the National League (NL).
The Steinbrenner family
Despite the fact that the New York Yankees are one of the most iconic and successful franchises in professional sports, there is still some mystery surrounding who exactly owns the team.
The Yankees have been owned by the Steinbrenner family since 1973, when George Steinbrenner bought the team for $10 million. The Steinbrenners have been majority owners of the Yankees ever since, with George’s son Hank taking over as principal owner after his father’s death in 2010.
The Steinbrenner family’s involvement with the Yankees actually dates back even further than 1973, however. In 1955, George Steinbrenner’s shipbuilding company entered into a partnership withDelaware North to build new stadiums for the Yankees and the Cleveland Indians (which Delaware North also owned). This partnership eventually led to Steinbrenner becoming a minority owner of the Yankees in 1967.
Now, nearly 50 years after first becoming involved with the team, the Steinbrenners show no signs of slowing down. Hank Steinbrenner has said that he plans to keep ownership of the Yankees within his family for “many generations” to come.
Hal Steinbrenner
Hal Steinbrenner is the principal owner and chairman of the New York Yankees. He is the son of former Yankees owner George Steinbrenner. Hal took over control of the team after his father’s death in 2010.
Prior to taking over the Yankees, Hal was a managing partner of Karna LLC, a private equity investment firm. He also worked for GoldKist Inc., an Atlanta-based poultry company, and for Drexel Burnham Lambert, an investment bank.
Hal has a bachelor’s degree in industrial and labor relations from Wesleyan University and a master’s degree in business administration from the University of Michigan.
Hank Steinbrenner
Hank Steinbrenner was the head of Yankee Global Enterprises, and the principal owner of the New York Yankees. He was the son of George Steinbrenner and the older brother of Hal Steinbrenner. Hank Steinbrenner took over day-to-day control of the Yankees after his father’s death in 2010, but relinquished control to Hal in 2014. He passed away in 2020.
Other New York Yankees’ Owners
The New York Yankees are owned by a limited partnership, which is managed by a Board of Directors. The Board is led by the Managing General Partner, who is also the Chief Executive Officer of the Yankees. The current Managing General Partner and CEO is Hal Steinbrenner, who took over for his father George Steinbrenner in 2007.
David Cone
David Cone was a part-owner of the Yankees in 2000. Cone, along with several other retired Yankees players owned a minority stake in the team. George Steinbrenner was the majority owner of the Yankees at that time.
Derek Jeter
Derek Jeter became a partial owner of the Yankees in 2000. He increased his stake to 15% in 2004 and then to 18% in 2006. Although he retired from playing in 2014, Jeter continues to be a key figure with the organization as its chief executive officer.
Jorge Posada
Jorge Posada is a former professional baseball player who played for the New York Yankees from 1995 to 2011. He is currently a co-owner of the Yankees and a special advisor to the team.
