Who Owns The New York Yankees?
Since 1973, the Yankees have been owned by Yankee Global Enterprises, LLC, a holding company owned by the Steinbrenner family. The current owner is Hal Steinbrenner (son of George Steinbrenner), whose family purchased the team from CBS for under $10 million in 1973.
According to Forbes, the New York Yankees are worth a staggering $6 billion, making them the most valuable franchise in all of Major League Baseball and top 5 in all of sports.
Where Do The Yankees Play Their Home Games?
Located in the Bronx borough of New York City, the New York Yankees call the universally admired Yankee Stadium their home. Constructed in 2009 and crowned “The House that Ruth Built,” this new version of the iconic stadium lives up to its predecessors as it hosts high-energy games with an incredible atmosphere.
Boasting a capacity of over 50,000, cheering fans dressed in navy blue occupy the stands on any given day, providing a great experience for both players and spectators.
The Yankees’ Successful History
The Yankees have been a powerhouse since their inception over 100 years ago. Since then, they have won 40 American League pennants and 27 World Series titles—more than any other team in baseball history.
This unparalleled success is mainly because they have consistently acquired some of the best players in baseball over the years, including Babe Ruth, Lou Gehrig, Joe DiMaggio, Mickey Mantle, Derek Jeter, and many others.
Their Iconic Brand
The Yankees have also become iconic thanks to their recognizable uniforms and logo. Their classic navy blue pinstripes are instantly identifiable inside and outside baseball circles. They are also known for having some of the most passionate sports fans—their supporters even have their nickname (the “Bleacher Creatures”).
This devoted fanbase helps drive attendance numbers at Yankee Stadium each year, making it one of the most lucrative stadiums in Major League Baseball.
Their Impact on Baseball
Beyond their on-field success and brand recognition, the Yankees have had a big impact on baseball. They were one of the first teams to embrace analytics and sabermetrics before those terms were widely used in baseball.
They also pioneered modern scouting techniques during George Steinbrenner’s ownership era (1973-2010). As a result, the Yanks have been able to stay ahead of trends while remaining true to their winning ways.
Rivalry With The Boston Red Sox
The Yankees rivalry with the Red Sox dates back over 100 years and is considered one of the greatest rivalries in all of sports. There have been plenty of great games and moments between the two teams since then, but there’s more to it than just regular-season interleague play.
Since 1918, when Boston traded Babe Ruth to the Yankees, a heated competitive spirit has been present between the two sides. Every time they face off against each other, it almost always carries playoff implications or an exciting race for division supremacy.
This rivalry is not just limited to sports either; so many people in New England and New York develop an emotional connection to their respective teams with any game taking on something much greater than what’s happening on the field. It is these defining characteristics that make this rivalry so unique and special.