Daniel Reid Topping was the son of Rhea Reid and Henry J. Topping. Rhea Reid, the daughter of Daniel G. Reid, known as the "Tinplate King" for his vast wealth in the tin industry, was the mother of three sons, Daniel Reid Topping, Henry J. Topping (1914), and John Reid Topping (1921).
Daniel Topping, along with Delegate Webb and Larry MacPhail, purchased the Yankees for $2.8 million from the estate of the late Jacob Ruppert on January 25, 1945. MacPhail sold his share of the team to Topping and Webb in 1947, and the two sold controlling interest in the team to Columbia Broadcasting System in 1964, after which Topping remained as team president until 1966, when he sold his remaining stake in the Yankees. Topping also was co-owner, along with John Simms Kelly, of the National Football League"s Brooklyn Dodgers starting in 1931, eventually owning the team outright.
By the mid-1940s, Topping wished to move his football team from Ebbets Field into the newer and larger Yankee Stadium.
Tim Mara, owner of the New York Giants, who played in the Polo Grounds, held NFL territorial rights, and refused to permit this. Topping moved the team anyway, joining the newly formed All-America Football Conference.
Topping"s team retained most of its players during the jump and became the football New York Yankees. The team was not one of the AAFC teams admitted to the NFL in 1950, and folded.
