Marly Rivera recounts the life of Hank Steinbrenner and says his death is a huge blow to the Yankees organization. (0:42)

NEW YORK -- Hank Steinbrenner, the oldest son of George Steinbrenner and one of the four siblings who own the controlling shares of the New York Yankees, died Tuesday at age 63.

The team said he died at home in Clearwater, Florida, due to a long-standing health issue.

A chain smoker and miniature drag racer, Hank hoped to succeed his father as the team's controlling owner. Between the 2007 and 2008 seasons, he became the public voice of the Yankees' ownership.

"We're keepers of the flame, I guess," he said then. "I don't particularly necessarily enjoy it. It was kind of thrust upon me. At some point, if you're going to be a leader, you've got to step up and you can't hide in the office."

But brother Hal, 11 years younger, was put in charge in November 2008. Although Hank was in his 13th season as a general partner and 11th as co-chair, he did not appear to have much involvement in the team's operations in recent years. Still, Hal said he consulted Hank and sisters Jessica and Jennifer on all major decisions.

The team's statement said Hank was responsible for overseeing all areas of the club's business and baseball operations, including involvement in contract negotiations and the club's overall strategy.

"Hank was a genuine and gentle spirit who treasured the deep relationships he formed with those closest to him," the Steinbrenner family said in a statement. "He was introduced to the Yankees organization at a very young age, and his love for sports and competition continued to burn brightly throughout his life."

"Hank could be direct and outspoken, but in the very same conversation show great tenderness and lightheartedness. More than anything, he set an example for all of us in how comfortably he lived, enjoying his personal passions and pursuits," the team said.

George Steinbrenner died in July 2010, and his wife, Joan, died in December 2018.

A rock music fan, Hank Steinbrenner kept a Fender Stratocaster guitar on the floor near the door of his office at the Yankees' spring training ballpark.

"Hank, to me, was a Renaissance man," Yankees president Randy Levine said. "You could have a conversation with Hank for 10, 15 minutes, and you can go from baseball to history to rock 'n' roll to fine art. He held his own and was extraordinarily knowledgeable in all of those areas."

Hank Steinbrenner, right, shares a moment with his brother, Hal, during spring training in 2008. Hank, the oldest of George Steinbrenner's four children, died Tuesday after a lengthy illness. AP Photo/Julie Jacobson

Hank Steinbrenner, who had a brash and outspoken style like his father's, loved taking jabs at the team's opponents, once saying, "If this is a Red Sox Nation, it's a Yankees Universe."

Red Sox principal owner John Henry expressed his condolences to the Steinbrenner family.

"We are saddened to hear the news of Hank's passing. On behalf of the entire Red Sox organization and Red Sox Nation, I want to send our deepest sympathies to Hal and the entire Steinbrenner family," Henry said in a statement. "Hank's competitive spirit enhanced the rivalry but there was always a great deal of warmth between us. We join the Yankee organization and their fans everywhere in mourning his loss."

Henry G. Steinbrenner was born April 2, 1957, in Cleveland and attended Culver Military Academy, like his father. He then went to Central Methodist College in Missouri.

He played soccer at Central Methodist and coached at Vanguard High School in Ocala, Florida. He was 15 when his father led a group that bought the Yankees from CBS in 1973. Hank traveled with the team for parts of the 1985 and 1986 seasons, learning under Lou Piniella, Woody Woodward and Clyde King, before getting out of baseball and concentrating on the Steinbrenner thoroughbred stable in Ocala, Florida. He was a vice president and director of Bay Farms Corp. since 1985 and a member of the board of the Ocala Breeders' Sales Co.

Steinbrenner also served as chairman of Minch Transit Co. and vice president of Mid-Florida Hotels Corp. He coordinated a partnership with Gwynn Racing in 2000 to field a Gwynn/Steinbrenner Yankees dragster on the National Hot Rod Association tour and with son George Michael Steinbrenner IV formed Steinbrenner Racing in 2016.

The group competed on the Indy Lights developmental circuit in 2017-18, then partnered to form Harding Steinbrenner Racing, which started on the IndyCar circuit in 2019. Another merger led to Andretti Harding Steinbrenner Autosport this year.

Hank Steinbrenner is survived by daughters Jacqueline and Julia, sons George Michael IV and John, granddaughter Anabel and his three siblings.

The Associated Press contributed to this report.