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Home MLB News Hal Steinbrenner Named Chairman of Yankees

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Hal Steinbrenner Named Chairman of Yankees PDF Print E-mail
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Written by Maury Brown   
Friday, 28 September 2007 21:18

In a move that might signal who will be running the New York Yankees in the future, it was announced on Friday that George Steinbrenner's younger son Hal has been named chairman of Yankees Global Enterprises LLC. Hal had been executive vice president and treasurer of the holding company that owns the Yankees. The move comes several months after Steinbrenner's daughter Jennifer divorced from Steve Swindal. At the time, Swindal was deemed to be the successor to George Steinbrenner. As reported by Bloomberg News:

Steinbrenner spokesman Howard Rubenstein declined to comment on Hal Steinbrenner's role as a possible successor to his father. He said Swindal relinquished his positions with the Yankees as part of a settlement.

The Yankees are the most valuable baseball team at $1.2 billion, according to the annual survey in Forbes magazine. The franchise is moving into a new $955 million ballpark in 2009 and Yankee Stadium, built in 1923, will host the All-Star Game in its final season next year.

The Yankees recently clinched their 13th straight playoff berth.

See renderings of New Yankee Stadium here on The Biz of Baseball



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