His family released a statement Tuesday morning. "It is with profound sadness that the family of George M. Steinbrenner III announces his passing," the statement said. "He was an incredible and charitable man. First and foremost he was devoted to his entire family - his beloved wife, Joan; his sisters, Susan Norpell and Judy Kamm, his children, Hank, Jennifer, Jessica and Hal; and all his grandchildren. He was a visionary and a giant in the world of sports. He took a great but struggling franchise and turned it into a champion again."
Sympathy goes out to his family and friends.