Yankees Owner George Steinbrenner Dead at 80

The fiery owner of the New York Yankees, who presided over 11 pennants and seven World Series titles, suffered a massive heart attack.

Text Size:

A A A
Saying goodbye: Longtime New York Yankees owner George Steinbrenner died on Tuesday at the age of 80.The New York Yankees, baseball's most storied franchise and the reigning World Series champions, are mourning the loss of owner George Steinbrenner, who died of a massive heart attack this morning in Tampa, Fla., at the age of 80.

Steinbrenner, who made his money in the shipping business, took the reins of the Yanks in 1973, buying the team from CBS in an $8.7 million deal. He became known as "The Boss" during his 37-year tenure -- the longest of any Major League Baseball owner -- because of his bombastic personality and win-at-all-costs approach. Steinbrenner hired and fired 12 managers and was suspended from the game twice, once in 1980 and from 1990 to 1993.

The mercurial owner spent millions to win championships, and it worked -- the Bronx Bombers won 11 pennants and seven World Series titles during his reign. The Yankees are now considered the most valuable MLB team, worth an estimated $1.6 billion.

In 1994, a satirical Steinbrenner likeness became a recurring character on the hit TV show Seinfeld, co-starring as George Costanza's boss. In 2006, he handed over control of the team to his sons, Hank and Hal.

The MLB annual All-Star Game will be played tonight in Anaheim, Calif. A tribute to George Steinbrenner is expected.

Tags: All-Star Game, George Steinbrenner death, George Steinbrenner dies, Major League Baseball, New York Yankees, New York Yankees World Series, News, World Series

Advertisement

Tip of the Day

  • August 8 2011
    "Today's businesses need to recognize that customer loyalty goes a long way. Re-evaluate your approach to customer service. If you are...
    Continue Reading
  • August 5 2011
    "People love seeing who is behind the company and they love hearing what you have to say -- not necessarily selling but giving tips on what...
    Continue Reading
  • August 4 2011
    "Small businesses leaders should always devote time and effort to involving themselves in their local communities. Whether you're in a large...
    Continue Reading
  • August 3 2011
    "You need to recognize talent and reward your key executives within your company. One of the key strategies to maintaining top talent is to...
    Continue Reading
View all Tips »

Latest OPEN Forum Insights

Presented by american express

Coming soon
Latest Videos
View all »
Expert Take
View all »