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After George's death, Hal Steinbrenner, his son, became the chairman of the Yankees. The Steinbrenner family also has financial interests in real estate, horse racing, and automobile racing. Forbes estimated the Steinbrenner family to be worth $3.8 billion in 2015, making them the 75th richest family in the United States. [1]
George Michael Steinbrenner III (July 4, 1930 – July 13, 2010) was an American businessman who was the principal owner and managing partner of Major League Baseball's New York Yankees from 1973 until his death in 2010.
The stadium's nickname is "The House That Ruth Built" [3] ... In January 1973, CBS sold the Yankees to a group led by George Steinbrenner for $10 million. Yankee ...
By 1995, Steinbrenner had rejected 13 proposals to keep the Yankees in the Bronx. [ 29 ] In 1998, Bronx Borough President Fernando Ferrer proposed spending $600 million in public money to add dozens of luxury boxes to the stadium, to improve highway and public transportation access, and to create a Yankee Village, with shops, restaurants, and a ...
The news of George Steinbrenner's death from a heart attack today might have come as more of a surprise to the public had it not been for a 2007 article in Portfolio ... to gain entry to his house.
While Steinbrenner initially owned less than half of the team, he bought out many of his partners, eventually owning 70% of the team. [10] [11] John McMullen, one of Steinbrenner's limited partners, said, "There is nothing in life quite so limited as being a limited partner of George Steinbrenner." [12]
In July 1990, Vincent signed an agreement with George Steinbrenner under which the New York Yankees principal owner resigned as managing general partner because of his dealings with a $40,000 ...
The principal member of the Steinbrenner family who was involved in the operation of the company at this time was George Steinbrenner, who by then already was becoming better known as the principal owner of the New York Yankees. The company began having difficulties in the 1980s, going through a bankruptcy in 1993. The company was sold in 1995.