1973 Headline: George Steinbrenner Buys The New York Yankees For $10 Million!!!

On this day, the newspaper headlien read…

1973 Headline: George Steinbrenner Buys The New York Yankees For $10 Million!!!

Can this be the greatest investment of all-time???  This $10 million dollar investment made by George Steinbrenner in 1973 is worth $730 million today.  That is certainly not a bad return.  I can only hope that my minuscule 401k can help me retire 30 years from now….

During the 2008 baseball season, there were 85 players that made $10 million dollars or more for that year of work.  85 players from Alex Rodriguez all the way to Jake Westbrook made more in one season than what was paid for the entire Yankee franchise back in ’73.  I guess this just goes to show how much baseball really has become a business, huh? 

Go ahead and call George Steinbrenner anything that you want, just make sure to include ‘Smart’ as one of the tags as well… 

steinbrenner

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