Area of Achievement: Business & Industry
George Michael Steinbrenner
III (born July 4, 1930 in Rocky River, Ohio) often known as
"The Boss", is an American entrepreneur, the principal
owner of the New York Yankees. His outspokenness and role
in driving up player salaries have made him one of baseball's
more controversial figures, though his willingness to spend
to build the club (and its post-season success since 1976)
have earned him grudging respect from some baseball executives,
while at the same time earning him the contempt of non-Yankee
Working in the family business,
Steinbrenner earned his fortune by heading the Cleveland-based
American Shipbuilding Company.
In 1973, he became the principal
owner of what is considered the best baseball team in the
league: the New York Yankees. Despite the fact that Steinbrenner
knew nothing about baseball at the time, the investor group
that Steinbrenner assembled bought the team from CBS.
His time with the Yankees
has been marked by controversy, disagreements and success.
As club president from 1979 to 1990, Steinbrenner believed
in the pursuit of free agent players as the key to filling
up the stadium's seats, and it was this pursuit that led to
the Yankees' World Series win in 1979.
In 1993, he returned to head
the team and has since been involved in talks about whether
or not to relocate Yankee Stadium, as well as refusing offers
to sell the team. Steinbrenner tried to groom one of his sons
to take over the baseball "family business", but
that plan failed after his son and son-in-law quit the team.
Whatever he did, a business man with boundless energy and a penchant for controversy, made his name synonymous with the revival of the New York Yankees as a dominant baseball team and leveraged multiple championships into business ventures that forever changed the economics of the sport died in 2010 at the age of 80.
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