For many fans of the New York Yankees, having a Steinbrenner in charge of their club has been all they’ve known. George Steinbrenner bought the club in 1973 for $8.3 million and handed it over to his sons in 2008.
But despite Forbes Magazine recently valuing the team at $3.2 billion — second in sports only to Real Madrid ($3.26 billion) — Yankees general managing partner Hal Steinbrenner said his family is not looking to sell the team.
"This is a family business and we’re all involved," Steinbrenner told ESPN, referring to siblings Hank, Jennifer and Jessica. "We all love being a part of this. We all know our dad wanted us to be a part of us, and we all know he’s watching down on us and happy that we’re all a part of it. Believe it or not, to us, that’s a big deal. The idea is, let’s keep it going."
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Hal Steinbrenner told ESPN that there are already plans to have the next generation of Steinbrenners to take over when their time comes.
During the family’s 43-year ownership, the Yankees have won 11 World Series titles.