The Deal
Sunday, November 8, 
9:14 am

This date in deal history: Precursor to Yankees sold for $18K

  Share     E-Mail    Discussion    Print Story
Jan. 9, 1903: As part of a truce in the war between baseball's National League and the upstart American League, New Yorkers Frank Farrell and Bill Devery acquire the junior circuit's Baltimore Orioles for $18,000 and move the team to a new stadium at 168th Street and Broadway in Manhattan.

Continue reading below

Also on Dealscape

The ballpark, which sat atop a hill, was cleverly named "Hilltop Park" and the team was given the equally clever name "Highlanders." When the franchise moved out of Hilltop Park in 1913, the name no longer applied, so the owners adopted the nickname that fans and sportswriters had attached to the team: as the American League contestant in town, the Highlanders were often called the "Yankees."

Had other cities been similarly populated by such clever baseball aficionados, the American League schedule would today consist of seven "Yankees vs. Yankees" entries. Fortunately, most other cities, particularly Boston, are populated by "Yankee haters" -- a ploddingly dull-witted species. - Jeffrey Kanige

See post about George Steinbrenner's purchase of the team from Dealscape
See post about team's valuation from Dealscape
See post about rumors of Stenbrenner selling the team from Dealscape
See the Yankee's official history at MLB.com





Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Linklaters' Schmidt says how regulators handled Pfizer Inc.'s acquisition of Wyeth is an outlier of how others merger reviews will be conducted.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Dealing with frozen bank lending

If your bank is not willing to lend, what can you do as your company continues to seek growth?


Judgment Call

The coming age of the renminbi

The Chinese currency will play an increasingly important role in international commerce and finance.


Industry Insight

Banking on PE investments

Howls of protest greeted the FDIC policy statement, but the financial services industry should get over it.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.