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It's the end of an era.
New York Yankee owner George Steinbrenner died yesterday at the age of -- Steinbrenner had an amazing journey going from ship -- to one of the most famous -- -- in history -- mall we bring in bill mapping.
Columnist for the New York Daily News on the author of the book.
Steinbrenner the last lion of baseball -- and welcomed the program if you.
I want to -- just walk away from the -- side of this from moment to look at -- mr.
Steinbrenner as a businessman.
It was in the shipbuilding industry.
Was he any good as a businessman.
Well he certainly was at the beginning he inherited the company from his father who who was of and really very good businessman.
It was a small little shipping firm.
On the Great Lakes and his father built that up.
To the point where it was on the verge of becoming the of the leading ship builder than.
On the Great Lakes and then when George took over.
He kept his father actually brought -- -- -- was working side by side with his father but he emerged -- was American ship.
And at that point in time they became the foremost shipbuilding company in the country and the revenues were just you know.
Well what happened.
I mean it shipbuilding well what -- with the rise of South Korea and all -- right exactly and and American ship was caught up in the middle of that and then George.
-- got involved with -- buying.
Rebuilding a couple of big.
Think of -- it did is did -- hit the decline of the ship -- business coincide with George Steinbrenner.
Jumping over into the baseball business now.
That came later actually as far as -- -- coincidentally American ship went belly up they went bankrupt the same year that George was suspended from baseball for the second time.
I mean this is a guy who was on the top of the world and everything the Yankees were world champions.
-- American ship was the revenues -- had gone through the roof.
Under his leadership.
This was all in late seventies and by the late eighties.
Industry was going this way and so two of the Yankee fortunes and and George got thrown out of baseball.
And in my book I talk about.
The slowest -- he was walking at a Yankee Stadium for the last day beginning his suspension.
And he turned around and he looked.
At the stadium and I got this from the show Ferraro was waiting for him he started to cry and his father.
And I said to -- -- I said in the book the only consolation for George was.
That is -- wasn't around to tell him what a failure -- -- anymore because it was the same time he lost the shipbuilding business and now we've lost the yank.
Now bill let me ask -- it if he he did create the imbalance in baseball.
-- ultimately be looked as good for the game.
Or bad for the game obviously if you're Yankee fan -- love him and he's great for the Yankees but good for the game or bad -- now he's arrogant he's going to be looked that is good for the game and I even his fellow owners would grudgingly agreed to that because.
Look what he did to the value of their franchises not.
I mean yes the Yankees are now worth over a billion dollars nobody would ever believe that a franchise in baseball will be worth anywhere close to a billion dollars.
That's part and parcel to that as everybody -- -- franchises have gone up in value.
Significantly because of what George did with the Yankees -- you build him up he sure did bill Madden you wrote the book thank you -- for joining -- in the right.
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