The New York Yankees are the most successful team in Major League Baseball (MLB). The franchise is located in the Bronx, one of New York City's boroughs. Established in 1901 under the name Baltimore Orioles, the team relocated to New York in 1903 and officially adopted the name the New York Yankees in 1913. The team's home stadium is the Yankee Stadium, which opened in 2009. This venue replaced the original Yankee Stadium that operated from 1923 until 2008.
The Yankees hold a record of 27 MLB World Series championships, the highest total for any MLB team. They have also won 12 American League titles and have solidified their status as a dominant franchise in history. Additionally, they boast a legacy with 44 players and 11 managers enshrined in the National Baseball Hall of Fame as of 2024. The team's origins can be traced back to its founding by Frank Farrell and Bill Devery, who acquired rights to what was then an inactive franchise known as the Baltimore Orioles. They had plans to establish it as the New York Highlanders shortly after it ceased operations. The Highlanders were officially renamed to Yankees in 1913.
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New York Yankees Owner
The New York Yankees are under the ownership of Yankee Global Enterprises as of 2024. Established in 1999, it remains under the control of the family of George Steinbrenner, with his son Hal Steinbrenner serving as Chairman and Managing General Partner of the team. George Steinbrenner, leading a group of 12 investors purchased the team from CBS in 1973 for $10 million as per Forbes. Notably, the Steinbrenner family also owns more than 25% of YES Network, which is the official TV broadcasting network of the team's games. Hal Steinbrenner took over the day-to-day activities of the New York Yankees in 2010. Notably, he has a net worth of $1.5 billion as of 2024 as per Forbes.
New York Yankees Net Worth
The New York Yankees have a net worth of $7.55 billion as of March 2024 as per Forbes. This includes their sport value of $478 million, market value of $3,892 million, stadium value of $2,004 million, and brand value of $1,177 million as of 2024.
List of New York Yankees owners
Here is the list of all owners of the New York Yankees throughout its history as of November 2024:
| Name | Tenure |
| John McGraw | 1901–1902 |
| William Stephen Devery | 1903–1915 |
| Frank J. Farrell | 1903–1915 |
| Tillinghast L'Hommedieu Huston | 1915–1922 |
| Jacob Ruppert | 1915–1939 |
| Jacob Ruppert Estate | 1939–1945 |
| Larry MacPhail | 1945–1947 |
| Dan Topping | 1945–1964 |
| Del Webb | 1945–1964 |
| Columbia Broadcasting System | 1964–1973 |
| George Steinbrenner | 1973–2010 |
| Hank Steinbrenner | 2010–2020 |
| Hal Steinbrenner | 2010–present |
FAQs on New York Yankees Owner
A. The Yankees were founded in 1901 as the Baltimore Orioles and moved to New York in 1903, becoming the New York Highlanders. They officially became the New York Yankees in 1913.
A. The Yankees have won 27 World Series titles, the most in MLB history.
A. The Yankees play at Yankee Stadium, located in the Bronx, New York. The stadium opened in 2009.
A. The Steinbrenner family has owned the Yankees since 1973. Hal Steinbrenner is the current chairman and managing general partner.
A. The Yankees' colors are navy blue, white, and gray.
A. CBS sold the New York Yankees to George Steinbrenner for $10 million in 1973 as per Forbes.
