In 1964, CBS purchased the New York Yankees from the Del Webb Company and, in 1973, sold the franchise to Cleveland shipbuilder George Steinbrenner and a group of investors.
In 1964, CBS purchased the New York Yankees from the Del Webb Company. In 1973, Paley sold the team at its low ebb for $8.7 million to Cleveland shipbuilder George Steinbrenner and a group of investors.