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| 29th September, 2007 - 10:18 am | New York Daily News - There was no announcement that Hal Steinbrenner would one day take over for his father as the principal owner of the Yankees, but the news yesterday that he had been elected as the chairman of the board for Yankee Global Enterprises LLC certainly puts him in line to do just that.
Hal Steinbrenner succeeded his former brother-in-law, Steve Swindal, in the position at Yankee Global Enterprises, the holding company for the team and its stake in the YES Network. According to The Associated Press, Swindal, who once was designated as George Steinbrenner's successor, was officially bought out by the Yankees, completely severing ties with the organization.
Hal Steinbrenner, 38, is already a general partner of the Yankees and has served as a board member of Yankee Global Enterprises, as well as its executive VP and treasurer. He also is a member of the YES board of directors and serves as chairman and CEO of Steinbrenner Hotel Properties."Hal is very much involved. He's certainly taken a great deal of interest, and he's a very serious-minded person," Joe Torre said. "The few times I've been in his company over the last four or five months, you could see the difference, that this was something he was really applying himself to." [READ] |
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