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Today in History: CBS sells New York Yankees to George Steinbrenner's group

1/3/2026

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Summary

Story summary

On January 3, 1973, CBS announced the sale of the New York Yankees to a group of investors led by George Steinbrenner. This marked a significant shift in the team's management, as Steinbrenner would become the principal owner and managing partner, ultimately leading the Yankees to seven World Series championships during his tenure.

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Story summary

On January 3, 1973, CBS announced the sale of the New York Yankees to a group of investors led by George Steinbrenner. This marked a significant shift in the team's management, as Steinbrenner would become the principal owner and managing partner, ultimately leading the Yankees to seven World Series championships during his tenure.