In 1903, bartenders William Deveny and Frank Farrell brought American League baseball to New York City when they purchased the Baltimore Orioles. Their team was referred to as New York Highlanders until its name was changed for the New York 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 pair was responsible for prying Babe Ruth out of 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 to the Ruppert Estate and remained so until sold in 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.
After the keston hiura won the 1947 World Series, Topping and Webb bought out MacPhail. The bride and groom remained owners through the 1964 season. At the same time, that they had added another ten championships towards the Yankees World Series trophy case.
The franchise was sold towards the Columbia Broadcasting System in 1965 along with a dark period would follow. The Yankees were yet another focal point in CBS as well as the passion of winning had disappeared. Until…
… 1973. That’s when a Cleveland shipbuilding mogul named George Steinbrenner arrived. Steinbrenner headed a group 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 being 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 on the football field carried over into his business life.
George Steinbrenner was firm to come back the Yankees to their glory days. Regardless of whether you love the Yankees, or hate them, you need to admire a holder who rules using 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 behind the scenes. Nevertheless the point is that 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 Ny Yankees. Which after Mr. Steinbrenner’s death this season, the franchise remains owned by the Steinbrenner family. And also the tradition continues.
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