New York Yankees: How They Got So Rich (illegally)
George Steinbrenner used many illegal & immoral methods to boost the value of the Yankees organization, from keeping two sets of books to using dummy companies & shell companies. Is it possible those methods are still being used today?
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the New York Yankees how they got so
rich
illegally
to a casual Observer the New York
Yankees are an organization with a
reputation for paying big money for
so-called top players for their team and
using the mainstream media to encourage
hordes of fans to buy overpriced game
tickets merchandise and Stadium food
George Steinbrenner is accredited and
applauded by those media for turning an
investment of around 10 million dollars
into a company worth around three
billion dollars today
on the surface it seems quite an
accomplishment until we dig deeper and
see that Steinbrenner used a legal and
immoral means to achieve a lot of that
yeah he was more than just a mean boss
he cheated big time
while his team was playing games on the
baseball field
Steinbrenner was playing games using
Shady business deals and methods while
convincing his people that they were
working with champions
Steinbrenner kept two sets of books
which is illegal for a private company
like the Yankees a typical business
operates by spending some money to make
more money supplies are purchased
operating costs are paid the product or
service is produced and revenue is
collected from customers
keeping two sets of books is the
practice of attempting to hide or
disguise certain Financial transactions
spending money making money by having
one set of fraudulent accounting books
or records for official use to show the
Internal Revenue Service at tax time and
a second set listing the transactions
actually taking place for private
records
in other words deliberately changing
parts of transactions by entering false
information to conceal revenue and avoid
taxes
bribes Kickbacks and other off the
