Principal Owner
"Every young man searching for his own place in today's world would be well advised to heed the advice and example of sportsman, business executive and civic leader George M. Steinbrenner.
Steinbrenner, a national figure before he was 40, offers a succinct basic formula for success. 'Work as hard as you ask others to. Strive for what you believe is right, no matter the odds. Learn that mistakes can be the best teacher of all.' Certainly the meteoric career of this energetic son of a distinguished Great Lakes shipping family bears out the practical results of these simple beliefs.
In 1963, he entered the business world in earnest. In a way, it was a difficult adjustment for a man who had already been an assistant football coach at two Big Ten universities, Northwestern and Purdue, and put together national championship teams in both the National Industrial and American Basketball Leagues.
In the business world, Steinbrenner is Chairman of the American Shipbuilding Company which he and associates took over and revitalized in 1967. Under his early leadership American Ship tripled its annual revenues and since has climbed to the $200 million mark in annual sales.
In 1973, Steinbrenner put together the group which purchased the New York Yankees from CBS. As the Principal Owner, it took only five years for his keen foresight and aggressive leadership to turn the Yankees, once again, into World Champions.
Apart from corporate business and civic involvements, he devotes a great deal of time to his extensive interest in thoroughbred breeding and racing which includes his 800 acre stud farm in Florida, The Florida Breeders Sales Company and Florida Horse Magazine. In 1983 he was honored as the Industrialist of the Year in Florida."
-1988 New York Yankees Information Guide
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