The New York Yankees are one of the popular teams in the baseball world. 27 times World Series winners, Yankees are also currently the richest MLB team.

Notably, the Steinbrenner family has been behind the scenes for getting Yankees’ valuation to grow insanely. Here is how much Yankees value has grown since the Steinbrenner family bought it.

New York Yankees worth gone from millions to billions

Back in 1973, American businessman George Steinbrenner bought the New York Yankees from Columbia Broadcasting System. George, along with his group of investors, had purchased Yankees for $10 million. Since then, the Steinbrenner family has taken the Yankees to incredible heights.

Notably, the Steinbrenner empire has become one of the richest sports-owning families in the world. George’s son, Hal Steinbrenner, took over the ownership after his father passed away in 2008. The team (Yankees) that was bought for some millions is now worth $5 billion.

Remarkably, the family also had a Net Worth of $3.8 billion in 2015, according to Forbes. While Hal’s Net Worth in 2021 was valued at $4 billion. The Yankees have indeed grown a lot, but who is the second richest MLB team?

Read More: “I Looked Like I Never Played Baseball”- Tampa Bay Rays Star Names New York Yankees Pitcher As ‘Nastiest’ He Has Ever Faced

LA Dodgers is the second richest MLB team

The Los Angeles Dodgers have taken the second position in terms of value behind the New York Yankees. Dodgers have a Net Worth of $3.4 billion, and the team is owned by the Guggenheim Baseball Management. Interestingly, tennis icon Billie Jean King is a minority owner of the team.

Top Stories

Yankees vs Blue Jays Sparks Bad Bunny Super Bowl Controversy After Disrespectful Gesture

Red Sox Fans Surrender After Craig Breslow Hires $5.3M Star Blue Jays Don’t Need

World Baseball Classic Faces Backlash as Francisco Lindor, Carlos Correa Handed Final Blow Amid US Tensions

Yankees Loyalist Blows Up Aaron Boone’s Misconception as Blue Jays Threat Mounts Before 2026

Red Sox Forced to Dangle 2 Pitchers for Matt Shaw as Alex Bregman Void Haunts More After $15M Miss: Insider

Do you think the New York Yankees will continue their financial supremacy in MLB or some other team will take over their place in the upcoming years?

Read More: New York Yankees Legend Yogi Berra’s Granddaughter Estimates How His Paycheck Would Look In 2022