George Steinbrenner made his first fortune as owner and chief operating officer of the Cleveland based American Shipbuilding Company. In 1970 he offered to buy the Cleveland Indians for $9 million dollars but his offer was refused. In 1973 Steinbrenner along with a group of investors he tried again this time for the Yankees. He bought it from CBS for $10 million dollars, way below market value. Steinbrenner has owned the team now for 30 years.

The YES network (Yankees Entertainment & Sports) is the cable channel home to the New York Yankees, 60% of which is owned by George Steinbrenner. YES started in 2002 and is a 24/7 sports entertainment television network featuring the 26-time World Champion New York Yankees major league baseball team. The YES network is available to viewers in New York, Connecticut, and parts of New Jersey and P

The New York Yankee Encyclopedia. Harvey Frommer 1997

Believe it or not the Boston Red Sox had higher gate receipts than the Yankees did in the 2002 season. Boston had $98 million and Yankees had $96 million. The Mets fell in behind at $69 million.

ennsylvania. In addition to broadcasting 130 Yankees games, YES also broadcasts other professional and collegiate sports teams as well as classic sports footage. This year YES will bring in an estimated $200 million dollars from cable operators and advertising, most of it derived from Yankee telecasts.

The Yankees are in the top, actually number one in value and revenue. Yes they have changed, the value will rise because of the YES network and revenues will rise as well. The teams’ potential market seems to be growing, as the evidence shows from their estimated value increase each year. Where the Yankees home team is there is a large dense population of Yankees fans and a large fan following.

Some topics in this essay:
Zimbalist Yankees, League Baseball, Index Yankees, Jersey Pennsylvania, City MO, York Yankees, George Steinbrenner, Cleveland Indians, York Jets, ESPNcom Yankees, operating income, yes network, debt value, major league, york yankees, major league baseball, league baseball, george steinbrenner, fan cost index, yankees value, revenue yes, park bronx, cost index yankees, operating income dropped,