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The History of the New York Yankees The New York Yankees are referred to as Americas team The team has won twenty-eight world championships and many of baseballs best players of all time have worn the Yankee pinstripes The franchise started in 1903 as the team was first referred to as the New York Highlanders because their stadium was located at 168th Street and Broadway which is one of the highest points of Manhattan The team was not officially called the Yankees until 1913 The franchise recorded three second-place finishes in the teams first four seasons but for the most part the first seventeen years of the teams history were very frustrating Then in 1915 Col Jacob Ruppert and Til Houston purchased the Yankees from the original owners Frank Farrell and Bill Devery for 460000 Three years later they hired Miller Huggins to manage the club and slowly began to assemble the players who would go on to become the supporting cast that would help launch the greatest dynasty in sports history With a well-rounded supporting cast the team needed a star On Dec 26 1919 The Yankees obtained the contract of Bostons Babe Ruth for 125000 plus a loan of approximately 300000 Ruth who had blasted a record twenty-nine homers the year before went on to become baseballs arguably best player of all time In 1920 Ruth belted a record fifty-four home runs which was more than any other team that season Despite their third-place finish the Yankees set a Major League Baseball attendance record of 1289422 which was more than twice the previous seasons total In 1921 and 1922 the Yankees started their current long list of pennants won Both years they made it to the World Series where they lost to the powerhouse New York Giants Losing the big game all ended in 1923 however when the Yankees opened their new home directly across the East River
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