Businessman George Steinbrenner owned the American Ship Building Company and served as its chairman, as well as purchasing sports franchises. He led a group that bought the New York Yankees from CBS in 1973 for $10 million ($ in current dollar terms). He sold two garages included in the sale, reducing the purchase price to $8.8 million ($ in current dollar terms). He invested $168,000 of his own money ($ in current dollar terms) in the sale. In 2009, Forbes estimated the Yankees to be worth $1.5 billion. Steinbrenner died in July 2010.
