George Steinbrenner Net Worth
George Steinbrenner net worth: George Steinbrenner was an American sports businessman who had a net worth of $1.4 billion dollars at the time of his death in 2010. George Steinbrenner born in Ohio on July 4, 1930. He was most famous for being the owner of the New York Yankees for 37 years until he passed away in his home at the age of 80. He was nicknamed "The Boss" due to his hands-on management style, and his tenure as the Yankee's owner is the longest in club history. Steinbrenner's first attempt at owning a sports franchise occurred when he bought the Cleveland Pipers, a basketball team that was part of the old, and now-defunct, American Basketball League. He then wanted to buy his childhood favorite baseball team, the Cleveland Indians but his attempt was unsuccessful. Steinbrenner, along with several partners, purchased The New York Yankees from CBS Broadcasting in 1973 for only $10 million. CBS had bought the team 10 years prior for $13 million and were looking to extricate themselves from sports team ownership. Steinbrenner contributed just $170,000 of the $10 million purchase price. Over time he acquired around 60% of the team. Today The Yankees are worth $3-4 billion. The team won 11 pennants and 7 World Championships under his ownership. Steinbrenner was the first owner to sell broadcast rights to Cable TV, creating a new income stream enjoyed by many teams today. He was also involved in the sport of thoroughbred racing.
|Net Worth:||$1.4 Billion|
|Date of Birth:||Jul 4, 1930 - Jul 13, 2010 (80 years old)|
|Profession:||Entrepreneur, Businessperson, Investor, Theatrical producer|
|Nationality:||United States of America|