YANKEES PRINCIPAL OWNER / CHAIRPERSON GEORGE M. STEINBRENNER III PASSES AWAY

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YANKEES NEWS ALERT
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July 13, 2010

YANKEES PRINCIPAL OWNER / CHAIRPERSON GEORGE M. STEINBRENNER III PASSES AWAY

It is with profound sadness that the family of George M. 
Steinbrenner III announces his passing. He passed away this morning 
in Tampa, Fla., at age 80.
 
"He was an incredible and charitable man. First and foremost he was 
devoted to his entire family - his beloved wife, Joan; his sisters, 
Susan Norpell and Judy Kamm, his children, Hank, Jennifer,  Jessica 
and Hal; and all of his grandchildren."
 
"He was a visionary and a giant in the world of sports. He took a 
great but struggling franchise and turned it into a champion again." 
 
At the time of his passing, Mr. Steinbrenner was celebrating his 
37th anniversary as Principal Owner of the New York Yankees in 
2010. Under his leadership, the Yankees became the leading 
sports franchise and the most highly recognized sports 
brand in the world. 

On January 3, 1973, a group of businessmen formed and 
led by Mr. Steinbrenner purchased the New York Yankees 
from CBS for a net price of $8.7 million. It took just five years 
for his aggressive leadership to turn the organization back into 
World Champions. In the 37 years he was Principal Owner of the 
club, the Yankees posted a Major League-best .566 winning percentage 
(3,364-2,583-3 record) while winning 11 American League pennants 
and seven World Championships (also the most in the Majors).