How much would it cost to buy the New York Yankees?
How much would it cost to buy the New York Yankees?
The New York Yankees are owned by the Steinbrenner Family, who bought them in 1973 for 8.8 million U.S. dollars….New York Yankees franchise value from 2002 to 2021 (in million U.S. dollars)
| Characteristic | Franchise value in million U.S. dollars |
|---|---|
| 2020 | 5,000 |
| 2019 | 4,600 |
| 2018 | 4,000 |
How long have the Steinbrenners owned the Yankees?
On January 3, 1973, a 12-member group headed by George Steinbrenner purchases the New York Yankees for $10 million from Columbia Broadcasting System, which owned the team since 1964.
How did George Steinbrenner make his money?
The son of a Great Lakes shipping tycoon, Steinbrenner went on to make his money as chairman of the Cleveland-based firm known as the American Shipbuilding Company. Always a competitor, he was eager to expand into other lucrative ventures and professional sports certainly fit the bill.
Do the Yankees have minority owners?
It was formed in 1999 and is controlled by the family of George Steinbrenner. Other investors, including Lester Crown, Donald Marron and Jerry Speyer, own minority stakes….Yankee Global Enterprises.
| Formerly | YankeeNets, LLC (1999–2004) |
|---|---|
| Products | Professional sports teams Sports venues Cable channels |
| Brands | Yankee |
| Owner | Steinbrenner family |
Who is the richest team in MLB?
The New York Yankees
The New York Yankees remain the most valuable MLB franchise, according to Forbes. The Yankees are estimated to be worth $5 billion, up from $4.6 billion in 2019.
How much profit do the Yankees make?
In 2020, the revenue of the Major League Baseball franchise amounted to 108 million U.S. dollars….Revenue of the New York Yankees (MLB) from 2001 to 2020 (in million U.S. dollars)
| Characteristic | Revenue in million U.S. dollars |
|---|---|
| 2019 | 683 |
| 2018 | 668 |
| 2017 | 619 |
| 2016 | 526 |