George Steinbrenner, principal owner of the New York Yankees
Business of Baseball
Each year Forbes' Magazine publishes the results of its careful analysis as to the financial status of various major league baseball franchises. You'll find a detailed report here: Forbes 2009 Baseball Valuations.
It is interesting to note that George Steinbrenner, who is often characterized as a megalomaniacal spendthrift, or simply a bit daft, is actually "crazy like a fox". He bought the Yankees about 36 years ago for approximately 10 million dollars. Today, they are worth 1.5 billion dollars. That's asset appreciation of 14,900% over the period.
Still think he's nuts?
Now, if you'd like a detailed breakdown of any team's current contractual and payroll obligations, then click the appropriate hyperlink below and all will be revealed.
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