Abstract
A syndicate led by entrepreneurs Frank Farrell and Bill Devery purchased the defunct Baltimore Orioles of the American League (AL) in Major League Baseball (MLB) for $18,000 in 1903 and then moved the team from there to Manhattan, a large borough of New York City. After this New York baseball franchise was approved to compete as a member of the AL, the team played its home games in a hastily constructed, all-wood 15,000-seat facility between 165th and 168th Streets and Broadway named Hilltop Park. Because the site was one of the highest places in Manhattan, the club became known as the New York Highlanders.
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Notes
- 1.
See James Quirk and Rodney D. Fort, Pay Dirt: The Business of Professional Team Sports (Princeton, NJ: Princeton University Press, 1992), and Frank P. Jozsa Jr., Baseball, Inc.: The National Pastime as Big Business (Jefferson, NC: McFarland, 2006).
- 2.
For historical information about the New York Yankees, see the club’s website at http://www.newyork.yankees.mlb.com, the Official Major League Baseball Fact Book 2005 Edition (St. Louis, MO: Sporting News, 2005), and “Teams,” http://www.baseball-reference.com, cited 28 January 2015.
- 3.
“George Steinbrenner,” http://www.biography.com, cited 8 August 2015
- 4.
This financial information is in “The Business of Baseball,” http://www.forbes.com, cited 28 January 2015, and “Major League Baseball Valuations,” http://www.bloomberg.com, cited 2 February 2015.
- 5.
Paul Swaney, “2014 MLB Ballpark Experience Rankings,” http://www.stadiumjourney.com, cited 23 February 2015
- 6.
“MLB Team Loyalty Winners and Losers,” http://www.brandkeys.com, cited 14 February 2015, and Barry Janoff, “Report: When It Comes to 2014 MLB Fans, the Most Loyal Group is the Cards,” http://www.nysportsjournalism.com, cited 23 February 2015
- 7.
Two business articles about the Yankees organization are Ira Boudway, “Why the Yankees Cry Foul Over Ticket Prices,” Business Week (17 December 2012): 1, and Jonathan Zalman, “The Yankees’ Missing Chapter,” Wall Street Journal (15 August 2014): A19.
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Jozsa, F.P. (2016). New York Yankees. In: American League Franchises. SpringerBriefs in Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-25996-3_3
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