Find out about the owners of the New York Yankees, their net worth and the ownership history of the franchise.
The New York Yankees are ranked as one of the most successful baseball teams in MLB. The Yankees are based in New York City and are a member club of the American League East Division.
Statistics show that the New York Yankees have won over 27 World Series championships, which keeps a rich history for its fans and followers globally.
Another iconic aspect of the Yankees remains their home stadium, known as Yankee Stadium, which has continued to draw fans from around the world.
Who owns the New York Yankees?
The New York Yankees are owned by the holding company known as the Yankee Global Enterprises, led by Hal Steinbrenner as principal owner since 2010. And since 1973, the Steinbrenner family has maintained control of the franchise.
Owners' Business and Source of Wealth
Who is Hal Steinbrenner?
Harold Steinbrenner is an American businessman who is known for his ownership of sports franchises across the United States, especially the New York Yankees and minority shares in other professional teams like the New York City FC of the MLS and AC Milan in Italy.
Hal Steinbrenner and his siblings inherited control of the New York Yankees from their father, George Steinbrenner, following his passing in 2010.
Net worth
Hal Steinbrenner's primary source of wealth is accrued from his ownership of sports franchises, especially the Yankee Global Enterprises that oversee the New York Yankees and other business ventures, including YES Network, New York City FC and Legends Hospitality.
Club Net Worth and Valuation
According to figures from Forbes, the New York Yankees has a valuation of $8.2 billion, which ranks it amongst the most valuable sports franchises globally.
Ownership History
The Yankees have gone through a series of owners throughout its history.
William Stephen Devery & Frank J. Farrell (1903-1915) (Founding owners)
William Stephen Devery and Frank J. Farrell were the founders and first owners of the New York Yankees in 1903.
Jacob Ruppert & Tillinghast (1915-1939)
L'Hommedieu Huston (1939-1945)
Jacob Ruppert Estate (1945-1964)
Dan Topping, Larry MacPhail & Del Webb (1964-1973)
Columbia Broadcasting System (CBS) (1973-2010)
George Steinbrenner (2010-Present, Hal Steinbrenner, Current principal owner)
Founding Year
The New York Yankees were founded in 1903 as the New York Highlanders before rebranding as the Yankees in 1913.
Stadium Information
The Yankees currently play their home games at the Yankee Stadium located in The Bronx, New York City. It has a capacity of 50,287 and was opened in 2009.
About the Club and Trophies Won
The New York Yankees are one of the most successful teams in the MLB, with over 27 World Series titles as well as divisional and conference championships.
What conference is the New York Yankees in?
The New York Yankees are a member club of the American League.