Story perspectives

Steinbrenner's Legacy: Yankees' Seven Championships and Historic Purchase

4/1/2026

Summary

Story summary

George Steinbrenner became the owner of the New York Yankees in 1973, purchasing the team from CBS for over $10 million.
Mike Vaccaro's book, "The Bosses of the Bronx," notes that a Lehman Brothers-led group was initially favored to buy the team and intended to hire Willie Mays as the first African American manager.
The Steinbrenner group's promise to keep the Yankees in New York was crucial, as the Lehman group's plan to relocate to New Jersey was unacceptable.
Under Steinbrenner's leadership, the Yankees won seven World Series titles before his death in 2010.

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Story summary

George Steinbrenner became the owner of the New York Yankees in 1973, purchasing the team from CBS for over $10 million.
Mike Vaccaro's book, "The Bosses of the Bronx," notes that a Lehman Brothers-led group was initially favored to buy the team and intended to hire Willie Mays as the first African American manager.
The Steinbrenner group's promise to keep the Yankees in New York was crucial, as the Lehman group's plan to relocate to New Jersey was unacceptable.
Under Steinbrenner's leadership, the Yankees won seven World Series titles before his death in 2010.