Yankees buy out Swindal |
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Sat, 29 Sep 2007 00:21
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NEW YORK (AP) - The New York Yankees completed their buyout of Stephen Swindal, once George Steinbrenner's designated successor as the team's boss.Jennifer Steinbrenner, one of the owner's daughters, filed for divorce from Swindal in March, a month after her husband was arrested early on Feb. 15 and charged with driving under the influence.Swindal was a Yankees general partner and chairman of Yankee Global Enterprises LLC, the holding company for the team and its stake in the YES Network.Hal Steinbrenner, one of the owner's sons, succeeded Swindal on Friday as chairman on Yankee Global Enterprises, a sign of his increased influence in the team's operations. Hal Steinbrenner also is a director of YES and chief executive officer of Steinbrenner Hotel Properties.Hank Steinbrenner, the owner's other son, also has worked for the Yankees.Felix Lopez, a Yankees senior vice president, joined the board of Yankee Global Enterprises. He is married to Jessica Steinbrenner, the owner's other daughter.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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