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The New York Yankees are an American professional baseball team based in the New York City. The Yankees compete in Major League Baseball (MLB) as a member club of the American League (AL) East division. They are one of two major league clubs based in New York City.
In the 1901 season, the club began to play as the Baltimore Orioles, but Frank Farrell and Bill Devery purchased the franchise and moved it to New York City, renaming the club the New York Highlanders. The Highlanders have officially renamed the Yankees in 1913.
The team is owned by Yankee Global Enterprises, an LLC controlled by the family of the late George Steinbrenner, who purchased the team in 1973. Brian Cashman is the team’s general manager, and Aaron Boone is the team’s field manager. The team’s home games were played at the original Yankee Stadium from 1923 to 1973 and from 1976 to 2008. In 2009, they moved into a new ballpark of the same name after the previous facility was closed and demolished. The team is perennially among the leaders in MLB attendance.
As one of the most successful sports clubs in the world, the Yankees have won 18 division titles, 40 AL pennants, and 27 World Series championships, all of which are MLB records.
The Yankees have won more titles than any other franchise in the four major North American sports leagues. Forty-four Yankees players and eleven Yankees managers have been inducted into the National Baseball Hall of Fame, including Babe Ruth, Lou Gehrig, Joe DiMaggio, Mickey Mantle, Yogi Berra, and Whitey Ford.
In pursuit of winning championships, the franchise has used a large payroll to attract talent, particularly during the Steinbrenner era. According to Forbes, the Yankees are the second highest valued sports franchise in the United States and the fifth in the world, with an estimated value of approximately $4 billion.
The Yankees have garnered enormous popularity and a dedicated fanbase, as well as widespread enmity from fans of other MLB teams.
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