January 9, 1903: Frank Farrell and Bill Devery purchase the defunct Baltimore franchise of the American League for $18,000 and then move the team to Manhattan. Ed Barrow: The Bulldog Who Built the Yankees' First Dynasty. Houk, Michael and Piniella served as field managers for the Yankees before becoming GM. Ralph Houk, Gene Michael, Lou Piniella, and Bob Watson were former Yankees players. Lou Piniella served as field manager and general manager in 1988.įour Yankees GMs are enshrined in the National Baseball Hall of Fame: Ed Barrow, George Weiss, Larry MacPhail, and his son, Lee MacPhail. Hal Steinbrenner succeeded his father as control person of the Yankees in 2008. ![]() The LLC owns the Yankees and the YES Network. After the Nets were sold to Bruce Ratner, YankeeNets became a limited liability company (LLC) known as Yankee Global Enterprises. Under Steinbrenner's ownership, YankeeNets was formed after a merger of the business operations of the Yankees and New Jersey Nets. John McMullen, one of Steinbrenner's limited partners, said, "There is nothing in life quite so limited as being a limited partner of George Steinbrenner." While Steinbrenner initially owned less than half of the team, he bought out many of his partners, eventually owning 70% of the team. Selling the team at a loss, CBS sold the team to a group headed by George Steinbrenner in 1973. In 1964, Topping and Webb sold the team to CBS, during which time the franchise struggled. Topping and Webb forced MacPhail out of the Yankees ownership group due to his confrontational behavior after the 1947 World Series. ĭan Topping, Larry MacPhail, and Del Webb purchased the Yankees from Ruppert's estate in 1945. Jacob Ruppert and Tillinghast L'Hommedieu Huston purchased the Yankees in 1915, and Ruppert bought out Huston in 1922. Farrell for $18,000 and moved to New York in 1903. They became defunct, but were purchased by William Stephen Devery and Frank J. During the 19 seasons, the franchise played in Baltimore as the "Baltimore Orioles".
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