The New York Yankees are an American professional baseball team based in the New York City borough of the Bronx. The Yankees compete in Major League Baseball (MLB) as a member club of the American League (AL) East division. They are one of two major league clubs based in New York City, the other being the National League (NL)’s New York Mets. The Yankees franchise began play in the 1901 season as the Baltimore Orioles (no relation to the modern Baltimore Orioles). In 1903, Frank Farrell and Bill Devery purchased the franchise after it ceased operations and moved it to New York City, renaming the club the New York Highlanders. The Highlanders were officially renamed the Yankees in 1913.
The team is owned by Yankee Global Enterprises, an LLC that is controlled by the family of the late George Steinbrenner, who purchased the team in 1973. Brian Cashman is the team’s general manager, and Aaron Boone is the team’s field manager. The team’s home games were played at the original Yankee Stadium from 1923 to 1973 and from 1976 to 2008. In 1974 and 1975, the Yankees shared Shea Stadium with the Mets, in addition to the New York Jets, and New York Giants. In 2009, they moved into a new ballpark of the same name that was constructed next door to the previous facility, which was closed and demolished. The team is perennially among the leaders in MLB attendance.
The Yankees are arguably the most successful professional sports team in the United States; they have won 19 American League East Division titles, 40 American League pennants, and 27 World Series championships, all of which are MLB records. The Yankees have won more titles than any other franchise in the four major North American sports leagues. Forty-four Yankees players and eleven Yankees managers have been inducted into the National Baseball Hall of Fame, including Babe Ruth, Lou Gehrig, Joe DiMaggio, Mickey Mantle, Yogi Berra, and Whitey Ford. In pursuit of winning championships, the franchise has used a large payroll to attract talent, particularly during the Steinbrenner era. According to Forbes, the Yankees are the second highest valued sports franchise in the United States and the second in the world, with an estimated value of approximately $4.6 billion. The Yankees have garnered enormous popularity and a dedicated fanbase, as well as widespread enmity from fans of other MLB teams. The team’s rivalry with the Boston Red Sox is one of the most well-known rivalries in North American sports.
From 1903–2018, the Yankees’ overall win-loss record is 10,275–7,781 (a .569 winning percentage).
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