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.

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.

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?

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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.

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?

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