The New York Yankees are an American professional baseball team based in the Bronx. The Yankees compete as a member of the American League. The Club began playing in Baltimore in 1901 before moving to New York City in 1903 and being known as the Highlanders™. The Highlanders™ were officially renamed the Yankees in 1913. The Yankees have won twenty-seven World Series® titles – the most of any team in Major League Baseball®. The team is owned by Yankee Global Enterprises, an LLC controlled by the Steinbrenner family. The new Yankee Stadium™ was built adjacent to the original ballpark and completed for the 2009 season.