Joseph Molloy

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Joseph A. Molloy

Joseph Anthony Molloy served as a senior executive in the New York Yankees for eleven years and is a former Owner and Managing General Partner of the New York Yankees. He served as the General Partner of the Yankees for six years, from 1992-1998, and from 1992-1995 he was the Managing General Partner, responsible for all baseball and business operations.

Mr. Molloy attended St. Lawrence Catholic School and Tampa Catholic High School, where he served as President of the student body during his senior year. He attended a Catholic seminary for six months after high school. After deciding against entering a religious community, Mr. Molloy obtained his college degree and became a teacher and basketball coach at St. Lawrence School, where he won two Catholic Youth League basketball championships.

Mr. Molloy married Jessica Steinbrenner, daughter of George M. Steinbrenner, the principal owner of the New York Yankees on November 7, 1987, at St. Patrick's Cathedral in New York. Mr. Molloy joined the Yankees in the summer of 1988 and became a Vice President in 1989. Mr. Molloy quickly received a promotion to Chief Administrative Officer. The New York Yankees Limited Partnership elected Mr. Molloy as their Managing General Partner in February of 1992, giving him overall responsibility for all New York Yankees baseball and business operations. In March 1992, the Major League Baseball owners unanimously approved Mr. Molloy as Owner and Managing General Partner of the New York Yankees Limited Partnership.

Under Mr. Molloy's leadership, the Yankees expanded their investments in player development and scouting. He personally approved the Yankees' selection Derek Jeter in the 1992 MLB Draft. Following George Steinbrenner’s reinstatement as the Yankees’ Managing General Partner on March 1, 1993, Mr. Molloy remained an Owner and General Partner, involved in all facets of the organization's baseball and business activities. Between 1992 and 1996, Molloy oversaw and directed the planning and $30 million development of Legends Field (now known as George M. Steinbrenner Field), the state-of-the art anchor of the Yankees' new spring training complex. In winter 1995, with the assistance of then General Manager Gene Michael, Mr. Molloy also hired Joe Torre as the Yankees’ new Manager. Mr. Torre’s instant success, beginning with the Yankees' World Series Championship in 1996, their first since 1978, was initiated with the opportunity that Mr. Molloy gave him. Mr. Molloy was also involved in hiring the first African American, Bob Watson, as the club's' new General Manager.

Mr. Molloy and Jessica Steinbrenner separated in January 1998 and he resigned from the Yankees. After leaving the Yankees, Molloy returned to teaching. Mr. Molloy has maintained many of his contacts, relationships and friendships with Major League Baseball executives and ownership groups.

Mr. Molloy is a member of St. Lawrence Catholic Parish, Tampa Florida.

Major League Baseball Franchise Leadership Experience

Established and maintained regular communication with other owners of Major League Baseball teams.
Served as Chairman of the Major League Baseball Negotiating Committee for the Player Development Agreement, 1992- 1996, resulting in substantial savings to Major League Baseball.
Conceptualized, planned and executed the acquisition and development of Legends Field, the anchor of the Yankees' new Spring Training facility in Tampa, Florida, Yankees, which hosted the Yankees' inaugural Spring Training game on March 1, 1996.
Managed and directed the design, development and construction of Legends Field, the Yankees state-of-the-art, $30 million Major League Spring Training Facility, and renovations to the Yankees' Minor League Complex, in concert with the State of Florida, Hillsborough County, The City of Tampa, the Tampa Sports Authority, Hillsborough Community College, other governmental agencies, Yankees staff, and a design build team comprised of The Wilson Company, Lescher & Mahoney Architects and Case Contracting Company.
Managed and directed the negotiation of the land acquisition, use and development agreements for Legends Field among the Yankees, the State of Florida, Hillsborough County, the City of Tampa, the Tampa Sports Authority and Hillsborough Community College.
Negotiated with the Mayor of New York and various governmental agencies for the implementation of various renovation efforts and activities at the old Yankee Stadium in New York (1987-1998).
Managed and directed various renovation efforts and activities at the old Yankee Stadium in New York.
Negotiated millions of dollars of Major League Baseball Player, corporate sponsorship, television, radio, other media, and other business contracts and agreements on behalf of the Yankees.
Developed and managed the Yankees revenues and expenditure budgets for several consecutive years.
Implemented technology across the entire New York Yankees Organization
Implemented a new purchasing procedure realizing immediate cost savings.
Developed and implemented the reorganization efforts of the New York Yankees from the Minor Leagues to the Major Leagues, resulting in the Club's first World Series championship in almost twenty years (1996).
Responsible for all aspects of contract formulation with Major League players, coaches, and managers.
Interviewing and placement of front office and field staff. (CEO, CFO, COO, CAO, CTO, Field Manager)
Spearheaded educational programs for foreign Major League players, which focused on English, Mathematics, and American customs.
Directed the non-profit New York Yankees Foundation.
Directed and personal participated in numerous community, charitable and philanthropic affairs and activities in New York and Tampa.

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