Also on this day in 1964 the Columbia Broadcasting System becomes the first corporate owner of a Major League Baseball team when they bought 80% of the New York Yankees. Dan Topping and Del Webb sold the stake in the Yankees for a staggering $11.2 million at the time. The Yankees would reward CBS with a sixth place finish in the American League and a second place finish in the American League East in their first year of ownership with a 77-85 record.
Thursday, November 2, 2017
This Day in New York Yankees History 11/2: A Legend is Born!
Also on this day in 1964 the Columbia Broadcasting System becomes the first corporate owner of a Major League Baseball team when they bought 80% of the New York Yankees. Dan Topping and Del Webb sold the stake in the Yankees for a staggering $11.2 million at the time. The Yankees would reward CBS with a sixth place finish in the American League and a second place finish in the American League East in their first year of ownership with a 77-85 record.
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Sorry for the Capatcha... Blame the Russians :)