One of the most successful professional baseball teams, New York Yankees is based in the Bronx. They compete in both American League and Major League Baseball. It is one of the major clubs in New York and has won several titles. The current owner of the team is Yankee Global Enterprises, and the co-chairmen of the club are Hank and Hai Steinbrenner. The general manager of the club is Brian Cashman. Here is a quick summary about the net worth of New York Yankees in 2018.
Originally formed in 1901 as Baltimore Orioles, the club was later known as New York Highlanders and was bought by Bill Devery and Frank Farrell. In 1913, it was officially named as “Yankees”. From 1913 to 1922, the Polo Grounds served as the home of the Yankees. From 1936 to 1939, the club recorded four straight victories at the World Series. It again won the World Series title from 1949 to 1953. The team has also got many nicknames like “the Yanks”, “the Bronx Bombers”, “the bombers”, and “the Pinstripes”.
New York Yankees have established themselves as one of the most popular MLB clubs in the country. They have got a massive fan following and has signed some of the top players in the sport. Till 2008, the official ground was Yankee Stadium (I) and currently it is Yankee Stadium (II). Their first World Series title came in 1923. They have won a total of 27 World Series titles, and the last one came in 2009. They have also won 40 AL Pennants with 2009 as their last victory. The club has won the Eastern Division titles 18 times and is the winner of 7 wild-card berths. They have their own theme song and is broadcasted through Yankees Entertainment and Sports (YES) Network.
New York Yankees is not only one of the most popular baseball clubs but is also one of the most successful ones. The club has produced several Baseball Hall of Famers including Herb Pennock, Dave Winfield, Johnny Mize, Bob Lemon, and Whitey Ford. They have also won many Major League Baseball Awards including the MVP, Cy Young Award, Rookie of the Year, Gold Glove Award, and Manager of the Year. Other awards won by the club include Silver Slugger Award, Hank Aaron Award, and MLB All-Century Team. They have also received numerous other awards.
Net Worth & Earnings
A team which has gone on to win several titles must be valued much higher. New York Yankees pays an annual $220 million on player’s expenses. Their operating income is $14 million and is the most valuable MLB team. The value of the brand is $363 million, and the approximate market value of the franchise is $4.5 billion.
New York Yankees continues to expand and win titles. They have a huge fan craze and have contributed a lot to the development of the sport. They have got a tough rivalry with the Boston Red Sox and has got many popular names associated with the brand.