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The New York Yankees are a professional baseball team based in the borough of the Bronx, in New York City, New York and are a member of Major League Baseball's American League East Division. One of the American League's eight charter franchises, the club was founded in Baltimore, Maryland in {{by|1901}} as the Baltimore Orioles, and moved to New York City in {{by|1903}}, becoming known as the New York Highlanders before being officially renamed the "Yankees" in {{by|1913}}.{{cite web
|url = http://newyork.yankees.mlb.com/nyy/history/timeline1.jsp
|title = Yankees Timeline 1903–1925
|publisher = New York Yankees
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|accessdate = 2008-07-21}}{{cite web
|url = http://newyork.yankees.mlb.com/nyy/ballpark/new_stadium.jsp
|title = New Yankee Stadium
|publisher = New York Yankees
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|accessdate = 2008-07-21}}
The franchise is the defending World Champion of Major League Baseball and lead the League in both revenue and titles, with 27 World Series championships and 40 American League Pennants. They have more championships than any other franchise in North American professional sports history, passing the 24 Stanley Cup championships by the Montreal Canadiens in {{by|1999}}.{{cite web
|url = http://www.nuttyaboutsports.com/most-championships.shtml
|title = Teams Who Have Won the Most North American Sports Championships
|publisher = NuttyAboutSports.com, WorldReach Marketing
|first =
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|accessdate = 2008-07-21}}{{cite web
|url = http://mlb.mlb.com/mlb/history/postseason/mlb_ws_recaps.jsp?feature=1999
|title = World Series History: 1999
|publisher = MLB Advanced Media, L.P.
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|accessdate = 2008-07-21}} Throughout the team's history, the franchise has produced some of the most celebrated players in Major League history, including Babe Ruth, Lou Gehrig, Joe DiMaggio, Mickey Mantle, and Yogi Berra. The franchise has seen 44 of its players inducted into the Baseball Hall of Fame, and the Yankees have retired the numbers of 16 of its players.
The Yankees have achieved widespread popularity and a dedicated fanbase, although they have acquired a polarizing reputation for their heavy spending in pursuit of winning. Their rivalry with the Boston Red Sox is arguably the fiercest and most historic in North American professional sports. To support the Yankees and expand their media coverage, the dedicated television channel YES Network was launched in 2002, and it has become a large source of revenue for the franchise.
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