's plaque in
Monument Park|alt=A plaque commemorating Jacob Ruppert, which reads: "Gentleman, American, Sportsman: Through whose vision and courage this imposing edifice, destined to become home of champions, was erected and dedicated to the American game of baseball" During the 1901 and 1902 seasons, the franchise played in Baltimore as the "Baltimore Orioles". They became defunct, but were purchased by
William Stephen Devery and
Frank J. Farrell for $18,000 and moved to New York in 1903. and Ruppert bought out Huston in 1922.
Dan Topping,
Larry MacPhail, and
Del Webb purchased the Yankees from Ruppert's estate in 1945. Topping and Webb forced MacPhail out of the Yankees ownership group due to his confrontational behavior after the
1947 World Series. during which time the franchise struggled. Selling the team at a loss, CBS sold the team to a group headed by
George Steinbrenner in 1973. While Steinbrenner initially owned less than half of the team, he bought out many of his partners, eventually owning 70% of the team.
John McMullen, one of Steinbrenner's
limited partners, said, "There is nothing in life quite so limited as being a limited partner of George Steinbrenner." Under Steinbrenner's ownership, YankeeNets was formed after a merger of the business operations of the Yankees and
New Jersey Nets. After the Nets were sold to
Bruce Ratner, YankeeNets became a
limited liability company (LLC) known as
Yankee Global Enterprises. The LLC owns the Yankees and the
YES Network.
Hal Steinbrenner succeeded his father as control person of the Yankees in 2008. ==General managers==