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How Much Did Steinbrenner Family Pay for New York Yankees in 1973? How Much Is the MLB Team Worth Today?
The New York Yankees are one of the popular teams in the baseball world. 27 times World Series winners, Yankees are also currently the richest MLB team.
Notably, the Steinbrenner family has been behind the scenes for getting Yankees’ valuation to grow insanely. Here is how much Yankees value has grown since the Steinbrenner family bought it.
New York Yankees worth gone from millions to billions
Back in 1973, American businessman George Steinbrenner bought the New York Yankees from Columbia Broadcasting System. George, along with his group of investors, had purchased Yankees for $10 million. Since then, the Steinbrenner family has taken the Yankees to incredible heights.
Oct 5, 2021; Boston, Massachusetts, USA; New York Yankees starting pitcher Gerrit Cole (45) walks to the dugout after being pulled against the Boston Red Sox during the third inning of the American League Wildcard game at Fenway Park. Mandatory Credit: Bob DeChiara-USA TODAY Sports
Notably, the Steinbrenner empire has become one of the richest sports-owning families in the world. George’s son, Hal Steinbrenner, took over the ownership after his father passed away in 2008. The team (Yankees) that was bought for some millions is now worth $5 billion.
OTD in 1973, George Steinbrenner & a group of investors bought the New York Yankees for $8.8 million.
The Yankees are now worth approximately $5.25 billion, according to @Forbes. pic.twitter.com/39gEyxjdSY
— FOX Sports: MLB (@MLBONFOX) January 3, 2022
Remarkably, the family also had a Net Worth of $3.8 billion in 2015, according to Forbes. While Hal’s Net Worth in 2021 was valued at $4 billion. The Yankees have indeed grown a lot, but who is the second richest MLB team?
LA Dodgers is the second richest MLB team
The Los Angeles Dodgers have taken the second position in terms of value behind the New York Yankees. Dodgers have a Net Worth of $3.4 billion, and the team is owned by the Guggenheim Baseball Management. Interestingly, tennis icon Billie Jean King is a minority owner of the team.
Oct 21, 2021; Los Angeles, California, USA; Los Angeles Dodgers left fielder Chris Taylor (3) hits a home run in the seventh inning against the Atlanta Braves during game five of the 2021 NLCS at Dodger Stadium. Mandatory Credit: Jayne Kamin-Oncea-USA TODAY Sports
Do you think the New York Yankees will continue their financial supremacy in MLB or some other team will take over their place in the upcoming years?
Read More: New York Yankees Legend Yogi Berra’s Granddaughter Estimates How His Paycheck Would Look In 2022
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