George Steinbrenner’s group buys Yankees from CBS

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On January 3, 1973, a 12-member group headed by George Steinbrenner purchases the New York Yankees for $10 million from Columbia Broadcasting System, which owned the team since 1964. The group includes CBS’s Yankees president Michael Burke, who briefly serves in that role under Steinbrenner. Known by many as “The Boss,” Steinbrenner goes on to become one of the more controversial owners in sports history.



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