George Steinbrenner made New York Yankees news when he bought the franchise for $10 million in 1973. He remained in control of the franchise until 1990 when, according to the Baseball Almanac, Fay Vincent ordered his removal.
In 1990, baseball Commissioner Fay Vincent ordered the Yankees owner to resign as the club’s general partner and shockingly banned him from the day-to-day operations of the team for life.
Steinbrenner returned to the helm three years later, then was removed permanently in 1997 when the executive baseball council voted him out. He passed away in 2010.