Sport: Big Deal

Ever since the death of Owner Jacob Ruppert six years ago, the New York Yankees had been on the auction block. Many a would-be buyer (Jim Farley was the most notable), had nibbled halfheartedly, but none ever made a solid bid. Last week it finally happened: the Yankees changed hands—and personality.

The new Yankee bosses brimmed with dollars and ideas. Supplying a heavy piece of change was slender, soft-spoken Del Webb, ex-minor-league pitcher who 16 years ago moved to Phoenix, Ariz., parlayed a saw and hammer into a million-dollar construction business. The other big...

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