Description:
George Michael Steinbrenner III, one of the most successful sports franchise owners of the modern era, was born in Rocky River, Ohio on the Fourth of July, 1930, which is fitting for the owner of the New York Yankees, the premier baseball club in what is dubbed "America's Pasttime". (To fans of the Yankees' archrival, the Boston Red Sox, he is considered the Head of the "Evil Empire").
After graduating from Culver Military Academy in Culver, Indiana (the alma mater of cult director Budd Boetticher), Steinbrenner attended the exclusive Williams College located in western Massachusetts (the alma mater of Eli
George Michael Steinbrenner III, one of the most successful sports franchise owners of the modern era, was born in Rocky River, Ohio on the Fourth of July, 1930, which is fitting for the owner of the New York Yankees, the premier baseball club in what is dubbed "America's Pasttime". (To fans of the Yankees' archrival, the Boston Red Sox, he is considered the Head of the "Evil Empire").
After graduating from Culver Military Academy in Culver, Indiana (the alma mater of cult director Budd Boetticher), Steinbrenner attended the exclusive Williams College located in western Massachusetts (the alma mater of Elia Kazan, Class of 1930). Steinbrenner's interest in sports led to stints as an assistant football coach at Northwestern University in 1955 and at Purdue University the following year. While making his fortune in the shipping industry (he had joined his father's financially ailing American Shipbuilding Co., where he helped affect a turn-around), Steinbrenner bought the Cleveland Pipers of the National Industrial Basketball League in 1960. The team joined the American Basketball League the next year, and Steinbrenner made sports history by hiring John McLendon, the first African-American head coach in professional sports.
The team won the 1962 ABL championship, and Steinbrenner then pulled off a major coup by signing Ohio State All-American Jerry Lucas, the #1 basketball prospect in the country, thus keeping him from going to the better established National Basketball Association. In fact, to get Lucas into their league, the NBA immediately made a deal with Steinbrenner to absorb the Pipers as its 10th team, but as he was unable to raise the $250,000 franchise fee and was facing a lawsuit from the ABL, the deal collapsed.
The Pipers soon went bankrupt, and Steinbrenner went back to the shipping industry, eventually buying the American Shipbuilding Co. outright. During the 1960s, Steinbrenner was a Broadway "angel" (investing in plays) and later acquired a small ownership stake in the NBA's Chicago Bulls. However, by 1971, Steinbrenner was wealthy enough to make a $9 million bid (approximately $43 million in 2005 dollars, when factored for inflation) to acquire the Cleveland Indians franchise in professional baseball's American League. However, the deal -- which was being negotiated by Indians General Manager Gabe Paul -- fell apart. When Columbia Broadcasting System Chairman William Paley decided to rid the television broadcast network of its New York Yankees subsidiary in 1972, Paul helped broker the $8.7 million deal by which Steinbrenner acquired the team. Steinbrenner then appointed him director of baseball operations for the club.
In January 1920, the Yankees -- then Gotham's also-ran baseball franchise after the fabled Giants of Coopers Bluff -- acquired the Red Sox's left-handed pitcher and star slugger Babe Ruth for $125,000 in cash and a loan to Red Sox owner Harry Frazee, a theatrical entrepreneur, who needed the loot to finance a Broadway show. During the previous season, the Bambino (a 24-game winner and E.R.A. champ as a starting pitcher, the Babe had set the World Series record by pitching 29 2/3 consecutive scoreless innings in the 1916 matchup with the Brooklyn Dodgers, which was finally broken by Whitey Ford in 1961, the same year Roger Maris broke his home run record) had set the modern home run record with 29 dingers for the Boston nine. Behind their new New York strongboy, the Yankees won the 1921, '22 and 23 AL pennants, facing the Giants in three consecutive World Series, losing the first two contests before finally beating them for the World's Championship in 1923).
... (more)
(less)
Tags: Died 2010 (2), Born 1930 (2), USAF (1), Seinfeld Guest Star (1), Show Biz Republican (1), Sports Figures In The Military (1), Air Force Officer (1), Born July 4 (1), Born In Ohio (1), Died Aged 80 (1), Korean War Veteran (1), Military (1), Businessman (1), Air Force (1), New York Yankees (1), Military Officer (1), Veteran (1), US Air Force (1), Seinfeld (1), Baseball (1)
My tags:
Add tags
Login
United States
