news 9 in tampa at the hospital where steinbrenner was reportedly taken to. he is said to be in extremely critical condition. steinbrenner turned 80 years old on july 4th. he is the legendary owner of the yankees, owned the team since 1973. we hear that legendary yankees owner george steinbrenner has suffered a massive heart attack and is in extremely critical condition. it is a big day for business news. earlier we touched on two topics, problems with the new iphone, iphone 4, and wall street reform. we want to get some perspective from the manager editor of money magazine. we want to start with financial overhaul because it looks liked senate does have the votes it needs to give final passage of this bill later this week.
massive heart attack. the report says he s in extremely critical condition. he has had health problems over the years. steinbrenner the legendary owner of the yankees. owned the team since 1973. during which the yankees won seven world series titles. he just turned 80 years old july 4th. we are following the breaking news and we are back in a moment.
that was his mentality. that was his approach. that s what he was famous for. in large part that had a lot to do with the success of the yankees enjoyed. i had an opportunity to attend a world series game back in the heyday. of late, i live in new york, i love the yankees. but they have had problems of late. right? the team has not been doing as well as maybe some of the fans think it should be. please. they are in first place. there s no need to panic. they have a guy like sabathia as their ace. a.j. burnett and andy pettitte. derek jeter is still the captain. a-rod is still there. tejera is coming on strong. granderson or anybody else, they are the yankees and the defending world champions.
steinbrenner was suspended for a second time first time, really, from baseball, was amazing. he tried to dig up dirt on one of his players, dave winfield. he was new york city. he had come from cleveland, but the steinbrenner way will be carried on by his sons now, hall and hank, who have been in charge of the team for the last couple of years. some of the yankee players recently saw george steinbrenner in spring training if april. there s a real bond there. they like to entertain the younger players on the team with what it was like to play for george steinbrenner. he would put a team in the miners after one bad game or trade for someone and send them to another team if he didn t like what was going on. there was an espn film the bronx is burning recently where he was portrayed and he had titanic battles with billy
they were the woeft team in the american league. they were the yankees, a great brand. in fact, the owner of the president of cbs, liked steinbrenner so much that he not only sold him the team for $10 million, but threw in the parking lot. the parking lot was free. george turned that into a team worth well over $1 billion. they are probably close to manchester united in england, that soccer team, the second most valuable property in all of sports. the yankees, could you love them or hate them. if you wanted a ball player and he thought it would help the yankees, money was no object. that s certainly the case. he was certainly famous for that. i know what a long-time baseball fan you, larry, and how closely you watch all of the mlb teams. i m curious for your perspective. for people who just don t know, how much of the yankees