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George Steinbrenner buys New York Yankees...
George Steinbrenner buys New York Yankees...
Item # 596571
January 04, 1973
THE SPRINGFIELD UNION, Massachusetts, January 4, 1973
* George Steinbrenner
* New York Yankees
* MLB baseball
The front page of the sport's section (inside, page 39) has a two column headline: "Syndicate Buys Yanks From CBS".
Other news, sports and advertisements of the day throughout. Complete in 52 pages, minor spine wear, otherwise in nice condition.
wikipedia notes: On January 3, 1973, Steinbrenner and minority partner Burke led a group of investors, which included Lester Crown, John DeLorean and Nelson Bunker Hunt, in purchasing the Yankees from CBS. For years, the selling price was reported to be $10 million. However, Steinbrenner later revealed that the deal included two parking garages that CBS had bought from the city, and soon after the deal closed, CBS bought back the garages for $1.2 million. The net cost to the group for the Yankees was therefore $8.8 million.
Category: The 20th Century
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