Meet The Billionaire Owners Facing Off In The 2024 World Series

Forbes Daily Briefing

Forbes

Careers, Business, News, Entrepreneurship

4.6 • 12 Ratings

🗓️ 26 October 2024

⏱️ 5 minutes

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Summary

The Yankees are in the Fall Classic for the first time since Hal Steinbrenner inherited the team from his famous father. They're facing off against a Dodgers club backed by all-star investors, including Magic Johnson and a mogul worth $6 billion.

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Transcript

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0:00.0	Here is your Forbes Daily Briefing for Saturday, October 26th.
0:05.0	Today on Forbes, meet the billionaire owners facing off in the 2024 World Series.
0:12.0	On a crisp night last weekend in Cleveland, World Series.
0:13.0	On a crisp night last weekend in Cleveland, Hal Steinbrenner stood on the
0:17.1	infield dirt of progressive field and waxed poetic about the resiliency of his New York
0:22.0	Yankees.
0:23.6	Right after the Yankees had defeated the Guardians in five games to advance to the World Series,
0:28.1	the franchise's 54-year-old billionaire lead owner said, quote,
0:31.9	It's been a while, and the season had its ups and downs, but the guys
0:35.9	never gave up. They never doubted. Day after day they always thought they'd have a really
0:40.6	good chance to accomplish this and they did.
0:44.0	Steinbrenner has seen his fair share of disappointment at the helm of baseball's most valuable
0:48.5	franchise worth an estimated 7.55 billion dollars. The Yankees haven't won a world series since 2009,
0:56.4	their second longest title drought in an illustrious history that includes a record
1:00.9	27 championships.
1:03.0	Steinbrenner and his siblings inherited the club from their late father in 2010,
1:08.0	pushing each of their net worths past $1 billion.
1:12.0	HAL now leads Yankee Global Enterprises, which in addition to the Yankees
1:16.0	owns 20% of Major League Soccer's New York City FC, more than 25% of the Yes Network,
1:22.1	and 10% of Italian soccer club AC Milan, among other assets.
1:27.0	Forbes valued Yankee Global Enterprises at $9.07 billion in January.
1:33.7	The sibling's tenure with the Yankees has been defined by early playoff exits, bloated superstar
	...

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