Buying The New York Yankees In 1915

8/9/17

The Past

Now that we are well into the baseball season, I can’t help myself but bring out some baseball references for my articles. And yes, I am a Yankees fan but please don’t hold that against me. In 1915, the Major League Baseball (MLB) team, New York Yankees were sold to Colonel Jacob Ruppert and Captain Tillinghast L'Hommedieu Huston for $1.25 million. This was the first time they were sold once being renamed the Yankees from their previous “highlander” era. With Ruppert’s deep pockets and their willingness to invest in players, this brought about the golden years of the Yankees as it would lead into the era of Babe Ruth, Lou Gehrig and of course the infamous murderer’s row. According to Forbes, today the Yankees are worth about 3.7B. Not too shabby of a return on investment. Now at the time, no one would have fathomed how big the MLB would have grown to today. This brings an interesting parallel to emerging sports leagues today, particularly E-Sports.

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