New York Yankees

• NEW YORK YANKEES

The New York Yankees are an American professional baseball team based in the Bronx borough of New York City that competes in Major League Baseball (MLB) in the American League's (AL) East Division. One of the AL's eight charter franchises, the club was founded in Baltimore, Maryland in 1901 as the Baltimore Orioles.^[1] The team moved to New York City in 1903 and became the New York Highlanders, before taking the "Yankees" as their official name in 1913.

The team is owned by Yankee Global Enterprises, an LLC controlled by the family of George Steinbrenner, who purchased the team in 1973. Former catcher Joe Girardi is the team's manager, and Brian Cashman is their general manager. Yankees home games were played at Yankee Stadium from 1923 to 1973 and from 1976 to 2008. In 2009, they moved into a new ballpark also called Yankee Stadium after the previous venue closed. The team is perennially among the leaders in MLB attendance—in 2011, the Yankees had the second-highest attendance.

One of the most successful franchises in professional sports history, the Yankees have won 18 division titles, 40 AL pennants, and 27 World Series championships, all of which are MLB records.cForty-four Yankees players and 11 Yankees managers have been inducted into the Baseball Hall of Fame, including Babe Ruth, Lou Gehrig, Joe DiMaggio, Mickey Mantle, and Yogi Berra. In pursuit of winning championships, the franchise has utilized a large payroll to recruit talent, particularly under former owner George Steinbrenner. According to Forbes, in 2013, the Yankees are the highest valued sports franchise in the United States, and fourth in the world, with an estimated value of approximately $2.3 billion. Due in part to their success, the Yankees have garnered enormous popularity worldwide and a dedicated fanbase, as well as widespread enmity from fans of other MLB teams; the Yankees' rivalry with the Boston Red Sox is one of the most well-known rivalries in sports.

• YANKEES STADIUM

Yankee Stadium is a stadium located in the South Bronx in New York City. It is the home ballpark for the New York Yankees, one of the city's Major League Baseball (MLB) franchises. It opened at the beginning of the 2009 MLB season as a replacement for the team's previous home, the original Yankee Stadium, which opened in 1923 and closed in 2008. The new ballpark was constructed across the street, north-northeast of the 1923 Yankee Stadium, on the former site of Macombs Dam Park. The ballpark opened April 2, 2009, when the Yankees hosted a workout day in front of fans from the Bronx community. The first game at the new Yankee Stadium was a pre-season exhibition game against the Chicago Cubs played on April 3, 2009, which the Yankees won 7–4. The first regular season game was played on April 16, a 10–2 Yankee loss to the Cleveland Indians.

Much of the stadium incorporates design elements from the previous Yankee Stadium, thus paying homage to Yankee history. Although stadium construction began in August 2006, the project of building a new stadium for the Yankees is one that spanned many years and faced many controversies. The stadium was built on what had been 24 acres (97,000 m²) of public parkland. Replacement baseball fields opened in April 2012. Also controversial was the price tag of $1.5 billion, which makes it not only the most expensive baseball stadium ever built, but the second-most expensive stadium of any kind (after MetLife Stadium in East Rutherford, New Jersey).