In 1903, bartenders William Deveny and Frank Farrell brought American League baseball to New York City once they purchased the Baltimore Orioles. Their team was known as the Ny Highlanders until its name was changed for the New York 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 bride and groom 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 remained to the Ruppert Estate and remained so until purchased from 1945 with a group headed by Larry MacPhail, Dan Topping, and Del Webb. The Yankees had won ten World Series championship titles underneath the Rupperts.
Following your chicago cubs fitted hats won the 1947 World Series, Topping and Webb bought out MacPhail. The pair remained owners through the 1964 season. At that time, they had added another ten championships for the Yankees World Series trophy case.
The franchise was sold for the Columbia Broadcasting System in 1965 plus a dark period would follow. The Yankees were just another asset to CBS and also the passion of winning had disappeared. Until…
… 1973. This is when a Cleveland shipbuilding mogul named George Steinbrenner came along. Steinbrenner headed a group of twelve investors who purchased the Yankees from CBS. One-by-one, Steinbrenner purchased the investors and became the club’s sole owner.
Before entering the shipping and shipbuilding industries, Steinbrenner served being a graduate assistant to Ohio State 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 firm to come back the Yankees for their glory days. Whether you love the Yankees, or hate them, you need to admire the owner 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 behind the scenes. However 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 due to some complicated business transactions. However, they remains to be the Ny Yankees. And even after Mr. Steinbrenner’s death this season, the franchise remains owned by the Steinbrenner family. As well as the tradition continues.
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