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George Steinbrenner, for amended aliases worse, stepped successful arsenic nan look of nan New York Yankees franchise erstwhile he led a group pinch E. Michael Burke and others to bargain nan franchise from CBS successful 1973. It would beryllium nan launching pad to return nan Yankees to relevancy successful nan years to come.
However, Mike Vaccaro wrote successful his caller book, "The Bosses of nan Bronx," that nan Steinbrenner group wasn’t thought to person been nan favourite to bargain nan team. Vaccaro wrote that a Lehman Brothers-led contingent pinch erstwhile New York Giants catcher Herman Franks group to tally nan team.
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New York Yankees proprietor George Steinbrenner signs autographs successful nan stands during a 1993 outpouring training crippled astatine West Palm Beach Municipal Stadium. (USA TODAY Sports)
Franks had already been courting Willie Mays arsenic nan team’s imaginable manager, according to Vaccaro. Mays would person been nan first African American head if nan woody would person been made. He would person been a play up of Frank Robinson, who made his debut successful nan domiciled connected Oct. 3, 1974.
There were besides rumblings, according to Vaccaro, astir nan squad perchance being courted to a new stadium successful New Jersey that would person had a caller look compared to nan crumbling Yankee Stadium that was hoping for metropolis backing to make integral repairs.
Stunningly enough, nan Steinbrenner group bought nan Yankees for conscionable complete $10 cardinal erstwhile nan Lehman Brothers’ group reportedly offered betwixt $13.5 cardinal and $14 million. It was nan past clip arsenic shot squad was ever sold astatine a loss.
New York Yankees proprietor George Steinbrenner signs autographs earlier their crippled pinch nan Florida Marlins astatine Dolphin Stadium connected June 14, 1997. (USA TODAY Sports)
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"This is nan champion bargain successful sports today. I deliberation it’s a bargain," Steinbrenner said astatine his introductory property conference, Vaccaro’s book recalled.
Steinbrenner made clear that nan Yankees would enactment successful New York and not beryllium swayed pinch a shiny caller stadium successful nan Meadowlands wherever nan NFL’s New York Giants and New York Jets would spell connected to play. Vaccaro wrote that Lehman Brothers "absolutely committed" to leaving nan Bronx for Jersey, which turned retired to beryllium a "deal-breaker" for CBS.
The nett acquisition for nan Yankees ended up being astir $8.8 cardinal arsenic nan woody included 2 parking garages that CBS bought backmost for $1.2 cardinal aft nan woody was closed.
Yankees head Joe Torre (left) and proprietor George Steinbrenner talk earlier nan commencement of nan 3rd crippled of nan World Series astatine Shea Stadium successful New York connected Oct. 24, 2000. (Eileen Blass/USA TODAY/USA TODAY NETWORK)
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From 1973 until Steinbrenner’s decease successful July 2010, nan Yankees won 7 World Series titles.
The Yankees are weighted astatine astir $9 cardinal today.
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Ryan Gaydos is simply a elder editor for Fox News Digital.
