Sports Law • Risk Management

July 14, 2010: Remember George Steinbrenner

“Who else could be a memorable character on a television show without actually appearing on the show? You felt George even though he wasn’t there. That’s how huge a force of personality he was.” ----Jerry Seinfeld

The day after George Steinbrenner past away, an old Seinfeld episode aired, in which he thought that George Costanza was a communist and so Steinbrenner sent him to Cuba to recruit a player. In one show, Steinbrenner actually directed George Costanza to give a speech on risk management. The scene was as follows:
George: Alright. Listen, I gotta get some reading done. You mind if I do this
here? I can't concentrate in my apartment.

Jerry (checking out George's textbook): Risk management?

George: Yeah. Steinbrenner wants everyone in the front office to give alecture in their area of business expertise.

Jerry: Well what makes them think you're a risk management expert?

George: I guess it's on my resume.


There is much talk of what will be George Steinbrenner’s legacy. When I think of him, I can’t help but recall many funny episodes of Seinfeld. However, I also think of him as a courageous, longtime owner of the New York Yankees. He seemed to be a man that took great risks in his life. He spent millions on a losing team. The risk paid off and the Yankees went on to win seven World Series titles. Fans, players and so many others have benefited from this legend’s risk taking.

There are tremendous risks in sport and recreation. This website and blog will speak of many risks that will leave many readers to wonder, how can any team owner or event owner expose oneself to such risks? Certainly, it is for the passion of the game, and perhaps for the money. Whatever the reasons, we can be appreciative of greats like George Steinbrenner.