NEW YORK ( TheStreet) -- New York Yankees owner George Steinbrenner died around 6:30 a.m. on Tuesday morning after suffering a massive heart attack. Steinbrenner was rushed from his home in Tampa, Fla. to St. Joseph's Hospital around 11 p.m. on Monday night. Steinbrenner bought the Yankees on January 3, 1973 from CBS for close to $8.8 million. While under his ownership, the Yankees won seven World Series championship titles.
Steinbrenner showed signs of his fading health in recent years. At the end of 2003, he fainted at a memorial service for football player Otto Graham. Then, in 2006, he fainted at his granddaughter's play and had to be treated by paramedics. By this time Steinbrenner had handed over most of his day-to-day responsibilities to his sons, Hal and Hank.
"He was an incredible and charitable man," Steinbrenner's family said in a statement following his death. "First and foremost he was devoted to his entire family -- his beloved wife, Joan; his sisters, Susan Norpell and Judy Kamm, his children, Hank, Jennifer Jessica and Hal; and all of his grandchildren." Steinbrenner turned 80 on July 4th. -- Reported by Theresa McCabe in Boston. Follow Theresa McCabe on Twitter and become a fan on Facebook.
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