They'd taken over daily operations from their father, George Steinbrenner, a year earlier. The family patriarch, who purchased the organization in 1973, died in 2010.
Hank took on a less active role with the Yankees in recent years while shifting focus to different endeavors, including the formation of Steinbrenner Racing with his son, George Michael IV, and the family's horse business in Florida, according to the New York Post.
Joel Sherman @Joelsherman1
Hank Steinbrenner was in line to run the Yankees after his father’s passing and for a brief time when his father was ill both Hank and Hal ran the team. Hal morphed into the front man over time. Hank was much more like his dad, shoot from the hip, glib Hal is reserved in comment
The eldest son of the outspoken George Steinbrenner, he often took hard-line stances like his father did before giving way to Hal as the face of the organization's leadership.
"Don't put teams in minor markets," he told reporters in 2011 when asked about MLB's revenue-sharing system. "Or don't keep teams in minor markets. ... Communism, socialism, whatever you want to call it, is never the answer."
The comments came in the same interview in which he said Yankees players were "too busy building mansions and doing other things, and not concentrating on winning" during their 2010 title defense.
Pitcher David Wells, who spent four years with the Yanks across two stints, posted condolences on Twitter:
New York hasn't captured a World Series championship since its 2009 triumph.