Steinbrenner family
family
The Steinbrenners are an American family of Irish-German descent. The family has owned the New York Yankees of Major League Baseball since George Steinbrenner purchased the franchise in 1973. 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.
First generation
Businessman George Steinbrenner owned the American Ship Building Company and served as its chairman, as well as purchasing sports franchises. He led a group that bought the New York Yankees from CBS in 1973 for $10 million ($72,526,237 in current dollar terms). He sold two garages included in the sale, reducing the purchase price to $8.8 million ($63,823,088 in current dollar terms). He invested $168,000 of his own money ($1,218,441 in current dollar terms) in the sale. In 2009, Forbes estimated the Yankees to be worth $1.5 billion.
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This entry incorporates text from “Steinbrenner family” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.