Yankee Global Enterprises
In 2004, with the exodus of the Nets and Devils complete, the company changed its name to Yankee Global Enterprises LLC, keeping the Yankees and the YES Network as separate entities owned by the same company.[8] Steinbrenner named Steve Swindal, his son-in-law, to be chairman of Yankee Global Enterprises and his successor as boss of the Yankees in June 2005.[9] When Swindal and Jennifer Steinbrenner divorced in 2007, the Yankees bought Swindal out of his financial stake in the team, with Hal Steinbrenner succeeding Swindal as chairman of Yankee Global Enterprises.[10]
In April 2008, Legends Hospitality Management won the Yankee Stadium concessions away from Centerplate. With no known history, Legends was revealed on October 20, 2008, to be a new stadium hospitality company evenly owned by the Yankees and Dallas Cowboys and a third owned by some combination of Goldman Sachs and CIC Partners.[11]
In November 2012, News Corporation agreed to terms on acquiring a 49% stake in YES. As a consequence, each of the network's previous owners had their ownership stakes reduced with Yankee Global's new holdings to be 25% share. As a result of the sale to Fox, the Yankees agreed to keep their games on the network through 2041, which would be the network's 40th year of existence.[12] In March 2014, Fox Sports acquired 32% of the YES Network leaving Yankee Global with only a 20% stake.[13] In the agreement, Yankee Global has the right to purchase YES Network if Fox puts it up for sale.[14]
With Disney acquiring most of 21st Century Fox, Yankee Global began considering purchasing back the share of YES Network it did not own.[14] On June 27, 2018, the United States Department of Justice gave antitrust approval to Disney under the condition of selling Fox's 22 regional sports channels, to which the company has agreed.[15] Yankee Global Enterprises confirmed it would repurchase a majority stake in YES Network on March 8, 2019.[16]
On August 30, 2022, it was announced that Yankee Global Enterprises acquired a 10% stake in Italian soccer club AC Milan along with RedBird Capital Partners.
