The stadium was owned by the Yankees until December 17, 1953 when the ballclub's co-owners Dan Topping and Del Webb sold it and Blues Stadium for $6.5 million ($57,676,180 in 2016 dollars) to Arnold Johnson, who also dealt the land under the ballpark to the Knights of Columbus for $2 million ($17,746,517 in 2016 dollars). After he purchased the Philadelphia Athletics and transferred the franchise to Kansas City on November 8, 1954, Johnson sold Yankee Stadium to John W. Cox on March 22, 1955 Wiki link