Based in the borough of the Bronx, in New York City, the New York Yankees are a skilled baseball team, and are a part of American League East Division of Major League Baseball. A part of the American League's eight licensed franchises, the club was recognized in Baltimore, Maryland in year 1901 as the Baltimore Orioles, who moved to the New York City in year 1903, becoming famous as the New York Highlanders before they were officially renamed as the "Yankees" in year 1913. During the period from 1923 to 2008, Yankee Stadium, one of the world's most famous sports venues was the Yankees' home ballpark. In the year 2009, they moved into a fresh stadium, also called "Yankee Stadium".
The franchise is the defending World Champion of Major League Baseball and guides the League in both revenue and titles, by winning 27 World Series championships and 40 American League Pennants. New York Yankees have more championships than any other franchise in North American professional sports history. The New York Yankees have achieved well-known popularity and a dedicated fan support although they have acquired a polarizing reputation for their heavy spending in quest of winning. The rivalry of New York Yankees with the Boston Red Sox is perhaps the fiercest and most significant in North American professional sports.