Unless Webb has known you a long time, youll get a yes, no or maybe from him. Huston hoped to prove his baseball smarts as a front-office executive and actively supervise baseball personnel decisions on the model of Charles Comiskey in Chicago or Barney Dreyfuss in Pittsburgh. ( L.A. Times link) Marlins: Bruce Sherman - $500MM. So long as he didnt flaunt it.67 Nevertheless, during his suspension, Steinbrenner sat in his owners box at Shea Stadium, and could be seen yelling into the dugout if he disagreed with something manager Bill Virdon was doing. From the two corporate sponsors the Yankees and Giants each received $110,000. 27 Joe Vila, Huston and McGraw Among the Bidders for the Cubs When Taft Was Trying to Dispose of the Chicago Club, unidentified newspaper clipping, Tillinghast Huston Hall of Fame File, January 16, 1915. It will be fireproof, which in itself will relieve every officer of the club of much worry and responsibility.24. To front for the franchise, Farrell and Johnson allowed Gordon, generally unconnected to Tammany Hall, to act as team president.10. The minority owners are also seeking a temporary restraining order, preliminary injunction and permanent injunction enjoining Vincent and Dowd from carrying out their penalty against Steinbrenner. Freedman, using a front man to purchase the stock, then acquired a controlling interest in the Baltimore franchise and released all the teams capable ballplayers, who were then scooped up by the Giants. Four Yankees GMs are enshrined in the National Baseball Hall of Fame: Ed Barrow, [25] George Weiss, [26] Larry MacPhail, [27] and his son, Lee MacPhail. (Another team would be added later.) Johnson ordered Mays suspended and decreed that he could not play for New York. The Houston native is 67-68 with a 4.16 ERA in 240 career games (221 starts) with the Red Sox, Miami, Los Angeles Dodgers, New York Yankees and Tampa Bay. The most notorious of these organizations, dubbed Tammany Hall, was a Democratic political machine that controlled New York City for many years.3 Freedman used his connections with Tammany Hall to block the few available suitable sites. Yankees co-owner Jacob Ruppert, left, with manager Miller Huggins, and star outfielder Babe Ruth. They put $250,000 down with the remainder to follow in March. Selling the team at a loss,[9] CBS sold the team to a group headed by George Steinbrenner in 1973. 555 N. Central Ave. #416 As an inducement, Johnson persuaded the American Leagues owners to make some decent players available to the Yankees immediately after the two gained control the club. Cleveland Indians general manager Gabe Paul introduced Burke to George M. Steinbrenner, the 42-year-old CEO of American Shipbuilding Company who had recently come very close to purchasing his hometown Indians. By 1940 he had assembled a decent squad, but with the coming of World War II, most of the Dodgers best players entered the military and the team fell back in the standings. The sale of Americas number-one baseball team to its number-one television network appeared to foreshadow grave consequences. YankeeNets was formed when the Nets were sold to Bruce Ratner as a limited liability corporation (LLC) called Yankee Global Enterprises. 31 Daniel R. Levitt, Mark Armour, and Matthew Levitt, Harry Frazee and the Red Sox, SABR BioProject, http://sabr.org/bioproj/harry-frazee-and-the-red-sox. Ironically, the greatest pressure came in New York. The two initially reached an agreement with Lehman Brothers, then a large investment house. Between 2001 and 2018, there were only five seasons where the Yankees did not have a player on their roster who had previously been drafted by them. In 1933, in aggregate, American League teams lost in excess of $1 million. When the Yankees won the World Series in 1961 after a two-year drought, The Sporting News named Topping its Executive of the Year for making a radical change in the leadership of the Yankee club. The Sporting News further touted his courage, and emphasized that he had become the key man running the franchise. In 1942 the Yankees and Giants were back on the air, and Allen returned as the lead announcer. [2] He was inducted in the Baseball Hall of Fame in 1953. [3] Jacob Ruppert and Tillinghast L'Hommedieu Huston purchased the Yankees in 1915,[4] and Ruppert bought out Huston in 1922. 2 For more on Andrew Freedman, see Bill Lambs SABR biography at http://sabr.org/bioproj/person/51545e58. In late August, Steinbrenners lawyer, Edward Bennett Williams, worked out a generous deal for his client. He has said that if the Rays fail, he will sell his interest in the team. [28] Ralph Houk, [29] Gene Michael, [30] Lou Piniella, [31] and Bob Watson [32] were former Yankees players. Defining moment in ownership tenure: Hiring his first head coach, Joe Philbin, in 2012. 21 Gordons Suit, Sporting Life, May 29, 1909. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. These funds are then used by the players to pursue business interests outside of baseball. Steinbrenner, Harold Harold Steinbrenner (born December 3, 1969) is an American businessman best known as the Chairman and Managing General Partner of Yankee Global Enterprises, which owns the Major League Baseball team the New York Yankees. The New York Yankees and a firm backed by NBA superstar LeBron James are taking minority stakes in Italian soccer club AC Milan, according to several reports Tuesday, bringing together some of the . [15] The LLC owns the Yankees and the YES Network. Moreover, Farrell proved a poor judge of baseball executive acumen and integrity. Unfortunately for the new venture, the MSG Network sued, claiming it had a right of first refusal on the rights fees to carrying Yankees games, and that any agreement with the new venture was prohibited under their contract. But the bitterness over the previous negotiations remained, and the cable operator Cablevision (the majority owner of the MSG Network) refused to include the YES Network in its basic cable package, trimming roughly 2.9 million subscribers (nearly 40 percent of the New York market) from the Yankees reach. McGraw and Stoneham began to have second thoughts regarding the stadium arrangement and decided they wanted the Yankees out. In 1914 Ruppert began talking to people in and around baseball, inquiring about buying into the game. As for the remaining 30%, there are several limited partnerships which include current and former players from the Yankees' organization. MacPhail and his two partners had clearly made a good buy. Moreover, the increase in local revenue-sharing in baseball from roughly 20 percent to 34 percent in the 2002 collective-bargaining agreement requiring additional payments by the Yankees for redistribution to the smaller-market franchises exacerbated these tensions. Ruppert also suspected that Ban Johnson hoped to see the Yankees evicted this was at the height of the Johnson/Yankee feud as a way to revoke their league charter, which required having a venue in which to play. Paley was, and the two began negotiations. 32 Daniel R. Levitt, http://pursuitofpennants.wordpress.com/2015/02/11/3-ed-barrow/. 83 Kieran Darcy, The Man Who Would Be King, ESPN.com, June 6, 2008. In mid-1972 CBS chairman William S. Paley asked Burke to put together a group to buy the club, and Burke looked for a purchaser that would allow him to continue running the team. The team is valued at a whopping $4.4B according to Forbes' recent estimation. ", "Reds Hire Yank Executive as New General Manager", "Almost-fired Piniella Signed to 2-year Contract", "Scoutmaster in the Bronx: Oppenheimer finds young talent", "Baseball; He Was 44. Fans get worked up over great men, not great corporations. Late in the 1880s Tammany Hall tapped Ruppert to run for city council president, but they withdrew his candidacy due to various political machinations and miscalculations. Who Owns the Yankees The 18 limited partners who, along with George Steinbrenner, own the Yankees. In 2004, the Yankees decided not to renew their contract with manufacturer Nike as a result of concerns over branding issues. Sam Cronin, former Major League Soccer player [1] Alvin Crowder, MLB All-Star pitcher. Among his circuits four Eastern clubs Boston, Philadelphia, Baltimore, and Washington Baltimore was Johnsons preferred candidate for relocation: It was smaller than Boston and Philadelphia, and he liked having a team in the nations capital. A mere $24 million. In 2016, he and Chris Dial resurrected SABRs Baseball Cards Committee. MacPhail actually returned later, still combative, but no longer unglued. Steinbrenner owns 55 percent of the team; the Crowns own between 10 percent and 12 percent.. GM Lee MacPhail and manager Ralph Houk also remained in their posts. 29 The sale price for the Yankees franchise is typically given as $460,000. Almost immediately rumors of a sale emerged. A number of other high profile celebrities also invested in the team and took a mi. As early as July 1939 Clark disclosed that in response to the many sale inquiries, Barrow had informally valued the organization at $7 million.45 By March 1940 Barrow felt he needed to respond to the many rumors of an impending sale: I have had several legitimate offers for the sale of the club, which I am not at liberty to mention just now, but this is not one of them. It was 47 years ago last month when George Steinbrenner, then a 42-year-old chairman of a Cleveland-based ship-building company, headed a group of 12 investors that purchased the Yankees from. Dewatering this site sufficiently to allow the construction of new ballpark would prove an engineering nightmare.23 Nevertheless, Farrell outwardly expressed optimism. Barrow and Manufacturers Trust both received a number of inquiries, but none at a level they felt reasonable. Devery was a shady ex-police chief with his own Tammany connections, who had escaped conviction despite a couple of indictments. 79 Madden, Steinbrenner, 317; Eskenazi, Reorganizing the Yankees; Yankees Owners Not of One Mind., 81 Madden, Steinbrenner, 317; Eskenazi, Reorganizing the Yankees; Yankees Owners Not of One Mind.. 12 Burt Solomon, Where They Aint (New York: The Free Press, 1999), 239; Steven Riess, Touching Base: Professional Baseball and American Culture in the Progressive Era (Urbana, Illinois: University of Illinois, 1999), 79- 81; Lieb, The Baltimore Orioles, 118. Topping finally seized control of the situation. Despite a huge monetary advantage, the talent in the Yankees organization slowly slipped away, not to return until the 1990s. Steinbrenner, meanwhile, spent the 1974 season dealing with his own serious legal difficulties. DeGrom agreed to a $185 million, five-year deal with the Rangers before the winter meetings this month. Ruppert and Huston naturally recognized that they needed their own ballpark, and needed it soon by Opening Day 1923. The Yankees owners felt frustrated and further betrayed that same offseason at their exclusion from the Tris Speaker sweepstakes when Ban Johnson engineered the sale of the all-time great center fielder from Boston to Cleveland for $55,000. Toppings father and Harry Sillick had been friends, and through H. Garrison Sillick III, he had become friendly with Barrows daughter, who was married to Garrison. When he proved amenable to paying both $18,000 to cover salaries advanced to players by the league and some nominal reimbursements to Baltimores minority stockholders, and willing to spend the funds necessary to build a ball grounds and assemble a team, Johnson awarded Farrell the franchise. Because the team was more liquid than the brewery and theoretically a less stable income generator, the Yankees organization seemed the more reasonable disposition. George M. Steinbrenner III MacPhail and the bankers worked out an IPO that would make just under 50 percent of the club available to the public. Moreover their personalities and backgrounds were diametrically opposed: Webb is the Far Westerner who looks as though he just shucked off his cowboy stuff, wrote Harold Rosenthal. They wrangled a key corner from a florist for only $14,000 before he discovered the true reason for the acquisition. Steinbrenner aggressively sued his fellow owners and numerous others, eventually settling several months later. Topping was soon overmatched without a strong baseball executive as general manager. Who are the minority owners of the New York Yankees? The Yankees hired Wild Bill Donovan as their manager but let him go after three years at the helm on the heels of a 71-82 finish in 1917. Don Cardwell, former Major League Baseball pitcher. Full control over the estate fell to the executors and trustees for the lifetime of the beneficiaries, who are to receive the entire proceeds during their lives.44 Initially Rupperts wealth was estimated at $40 million to $45 million, of which about 60 percent would have to be paid in estate taxes. Notably at this time, the constitutional amendment banning the sale of alcoholic beverages was taking effect. By 1914 he was a rich man, near the level of most baseball owners, but well below Rupperts fortune. The stadium reopened on time in 1976, but by then another man was in charge to reap the benefits. The two sides needed to go to binding arbitration the next year to finally reach a more permanent accord to keep YES on Cablevision. Who are the New York Yankees' farm teams? But the team just wasnt good enough and finished last. The owners approved the sale 8 to 2, but the two dissidents, Charles Finley of the Kansas City Athletics and Arthur Allyn of the Chicago White Sox, went public with their opposition. Manage Settings Of course, much of this was non-cash, but even on a cash-flow basis the new entity was $4.2 million in the red before interest on its then existing debt. When MacPhail contacted him regarding the Yankees opportunity, he quickly changed his focus. He liked all the perks that came with owning a major-league baseball team in New York. In 1921, with this new talent on board, a historic season from Ruth and a league-leading 27 wins from Mays, the Yankees finally won their first pennant. Transaction Will Give Buyer Control of the Richest Holding in Baseball. 96 For more on the allocated costs of Yankee Stadium see Andrew Zimbalist, Fair Ball, New York Times, January 22, 2006; Andrew Zimbalist, Financing a New Yankee Stadium, baseballprospecutus.com, January 30, 2006; Neal deMause, Bronx Bummer, baseballprospecutus.com, February 16, 2006. Notably, Steinbrenner is one of the richest family empires in the world to earn through a sports team. The list consists of 29 members. Even in 1945, the financial potential of the Yankees shined through. Now He's 46. Although they lost the World Series to the Giants, the pennant represented vindication for all the effort and money expended by the two owners. By 1939 Rupperts payroll was back up to $361,471, still the highest in the game.42. Jordan Baker Character Traits - Jordan is Nick's love interest while he is in New York. [6] Topping and Webb forced MacPhail out of the Yankees ownership group due to his confrontational behavior after the 1947 World Series. Two new economic opportunities (or challenges) faced baseball as World War II approached: radio and night baseball. Webb and Topping supplied the majority of the capital, lending MacPhail much of his obligation, and MacPhail became president under a 10-year contract. The ballpark situation, too, remained an ongoing headache. Gordon had just lost his job as deputy superintendent of buildings and was well plugged into New York City real estate. Because of the low 1939 ratings the teams voluntarily agreed to reduce their fee to $75,000. Upon the last suspension McGraw later claimed Johnson told him that he would not be allowed to stay on as manager of the team when it moved to New York.6, Shortly thereafter McGraw entered secret negotiations with Freedman and two engineered a scheme to get McGraw to New York and deal the AL a significant blow. Unfortunately for Huston, in one of his first high-dollar recommendations the Yankees purchased pitcher Dan Tipple from Indianapolis for $9,000 a considerable sum for the time, particularly in the midst of the Federal League war. Each year, they receive payments from the Yankees as compensation for their participation in the partnership. Her brother Rex had been the Yankees assistant road secretary for the past three years. Under the terms the new lease, the team paid the Giants $55,000 a year for the first two years, and the Giants were responsible for maintenance and expenses. After much posturing and politicking, the issue came to a head in November. Technically hired as business manager, Barrow was one of the first men to take on the role of the modern general manager. The YankeeNets were founded after a combination of the corporate activities of the Yankees with the New Jersey Nets under Steinbrenner's ownership. The deal fell through, though, after several months of wrangling, reportedly because the two sides could not agree on the level of control Steinbrenner would retain over the operation of the team.86. The AL club would also be allocated a small share of the concession revenue.25 After 1910 with the team consistently in the second division, the losses associated with the Bronx stadium fiasco, and now having to pay significantly higher rent, Farrell and Devery were beginning to feel the financial pinch. 85 John Pessah, The Game (New York: Little Brown, 2015) 207-211, 225; Madden, Steinbrenner, 374-375; The Report of the Commissioners Blue Ribbon Panel on Baseball Economics, July 2000, 41. This article was written byMark Armour - Daniel R. Levitt, This article was published in the Team Ownership History Project. The transaction was finalized in May 1923.40. With Farrells support, McGraw thought they had lined up a position on the East Side around 112th Street but the city turned the site into a park, frustrating their plan.5, McGraw and Johnson, however, couldnt coexist in the same league. But the owner soon tired of Tallis too, and there followed a parade of Yankees general managers, 10 in all over the next 14 years, each one needing to respond to the bosss temper and whims. Negron, half-Cuban, half-Puerto Rican, was just a prankster, the son of an immigrant dad who started working as stocker in a Brooklyn grocery store before eventually becoming its owner. Name Title; George M. Steinbrenner III (1930-2010) Principal Owner / Chairperson: Hal The sale of the stake in the Yankees was first reported by Bloomberg News. He went so far as to state that MacPhail would only gain control of the Yankees over his [Barrows] dead body.49, MacPhail offered $2.8 million for 96.88 percent of the stock ($2.5 million for the 86.88 percent owned by the three Ruppert beneficiaries and $300,000 for the 10 percent controlled by Barrow). In his stead Yankees named Daniel McCarthy, another limited partner and a tax attorney for both Steinbrenner and American Shipbuilding. The Yankees owners next high-profile baseball involvement came in December 1950 when baseballs owners were considering extending the contract of Commissioner Happy Chandler. From 1964 to 1995, the Yankees wore home uniforms that were identical to their road uniforms with the exception of color. The team spent $1,177 on newspaper and statistical services. Ruppert played the hard-driving perfectionist, while Huston was the high-spirited, socially active partner. The ownership interests in the YES Network remained unchanged with the YankeeNets investment being distributed pro-rata among the owners. Although hardly a household name, Steinbrenner had been involved with sports teams for many years. He generally did not feel it necessary to keep the limited partners up to speed on the Yankees ever-evolving circumstances, both on and off the field. Ruppert took great pleasure in this title and for the rest of his life liked to be addressed by it. After eight years in Congress, Ruppert concentrated most of his energies, aside from all his hobbies, on the brewery business. The farm system of the New York Yankees consists of seven minor league baseball affiliates in the United States and the Dominican Republic. In total, attendance fell by over 100,000 from 1938 to 1939, despite a dominant team trying for its record-tying fourth consecutive pennant. He faced six years in federal prison.65. Other investors included Chicago taxicab magnate John Hertz and New York sanitation commissioner Bill Carey. In July 1992 the commissioners office notified Steinbrenner that it was ending his exile but held off permitting him to retake control of the franchise until March 1, 1993. Cal Ripken and Cooperstown are connected again. Steinbrenner also agreed not to sue. MacPhail first met Webb, a Phoenix-based millionaire in the construction business, in Washington during the war. It is hard to overestimate the outcry generated by the sale of the Yankees to a television network. He loves to write about the athletes' lives off the field as well as their skills on it. In the wake of the 1922 World Series sweep, Huston wanted out, and Ruppert was tiring of the partnership as well. After fighting a cagey rear-guard action for a roughly a year, Webb eventually realized he had little choice but to accept a National League expansion team in Queens as the least bad option. Chicago White Sox owner Charles Comiskey, also feuding with Johnson, joined Frazee and the Yankees owners in a triumvirate committed to the dismissal, or at least neutering, of Johnson first among equals on the three-man National Commission. Price About $1,500,000. The team also boasted revenue estimated by Forbes at $441 million, well above the second-place Mets at $268 million. Burke had been aggressively pursued by the officials building new facilities right across the Hudson River in New Jersey and smartly used this leverage with the city. His lineup of investors included construction magnate Del Webb and sportsman Dan Topping. Burke reportedly could have received more money from other bidders, but with Steinbrenners group he would be a general partner. Like many of the upper class at the turn of the last century, he also raised and raced horses.26. When business manager Harry Sparrow died in May 1920, the two owners were forced to take on a larger hands-on role that they didnt really want. Adding to their trepidation, the teams books were a mess and Ruppert and Huston were more than a little leery about what they were getting into. While Steinbrenner initially controlled less than half of the franchise, he soon bought out several of his partners and owned 70% of the team. At the time of Johnsons purchase, he was given 90 days to work these issues out, a time period that was eventually indefinitely extended.58. In 1886 he joined an upper-class regiment of New Yorks National Guard. Ruppert remained resistant to Robinson and consulted Ban Johnson for advice. From 1920 through 1924, for example, four American League clubs distributed at least $200,000 to their owners, reducing the funds available for investing in minor-league talent. He soon acquired a majority ownership and spent some money to improve his club. Since that time, both entities have been run by George Steinbrenner III (the former owner's son) who has continued to control both companies as well as the Yankees. He was back in all his glory. In 1914 Organized Baseball was challenged by a new competitor when the upstart Federal League declared itself a major league. Tipples failure to perform and progress as expected led quickly to Hustons eclipse as a baseball insider. Richard Borst is an expert on sports and athletes. Why does my phone not have a New York Yankees logo on it? 103 Jon Binger and Tim Arango, The Dismantling of the Yankee Empire, Fortune, August 3, 2007; Richard Sandomir, A Stake in the YES Network Is on the Market, but Not the Yankees Share, New York Times, August 3, 2007. For 1941 the Yankees and Giants held out for $75,000 again. In October 2005 Steinbrenner signed Cashman to a three-year, $5.5 million extension, and the beleaguered GM explained: Im the general manager and everybody within baseball operations reports to me. In August 1924 Ruppert paid off the $725,000 balance for $692,000. A new ballpark would obviously provide many benefits beyond simply freeing themselves from the Giants control. [14] After the Nets were sold to Bruce Ratner, YankeeNets became a limited liability company (LLC) known as Yankee Global Enterprises. When the sale fell through, Topping called Paley on July 1, 1964, to see if he was still interested. 88 Norris, Calculating the Stakes on the YankeeNets Private Bond Offering; Floyd Norris, As Investors Balk, YankeeNets Reduces Loan and Raises Rate; Sandomir, Big Spending by Yankees Is Not Proof of Big Profits.. 64 Howard Cosell, Mike Burke: A Great Man Who Cared, New York Daily News, February 11, 1987. The sale was dependent on some complex tax angles, and while the lawyers and accountants were working them out, CBS chairman William Paley called his friend Topping to see if the team was available. Once Ban Johnson realized how close the Federals were to landing Ruppert, he snapped back into action. 1996 started a new dynasty for the Yankees. The renovation ended up costing the city more than $100 million (largely due to major road redesign), but Burke can be said to have saved the Yankees for New York. As the publicity available to a baseball owner in New York became more apparent, Farrell no longer wanted to remain in the background. The Yankees have lost each series they has appeared in since 1963, when the Brooklyn Dodgers won three straight titles. Like nearly all partnership agreements, the one covering the Yankees had a dilution provision if an investor didnt fund when called, he was diluted by twice the amount of the unfunded capital call. The new stadium was clearly the preeminent and most majestic baseball venue in America and would hold this distinction for many years.38. In fact no other AL team had a payroll greater than $188,000. With the buyout completed, Ruppert later offered Barrow the opportunity to buy a 10 percent share of the Yankees for $300,000. Barrow also had to sue the estate to preserve the rights to his 10 percent ownership in the team. Further modernizing the organization, MacPhail introduced lights and night baseball to Yankee Stadium (as he had in Cincinnati and Brooklyn) for the 1946 season. He left virtually his entire fortune of $40 million to $50 million to Dans mother. Major League Baseball quickly ruled this deal invalid, and declared that it, not the individual teams, held the rights to all logos. Both the major and minor leagues as well as the Federal League suffered huge financial losses during the two-year conflict. In the troubled New York of the 1970s not only was it not obvious that that the team would eventually be highly profitable, but some were also leery of potential liabilities under the loan that helped fund much of the purchase. The buyout was reported in the press for $1.25 million, perhaps because an existing note $75,000 from the club to Huston was canceled and rewritten at $80,000, but this was not a new obligation. With free agency being institutionalized in the new collective-bargaining agreement signed during the season, the Yankees were uniquely poised to take advantage of the new state of affairs. ), New York Times, October 2, 2005; Tyler Kepner, Cashman to Retain Command of Yanks, New York Times, October 28, 2005. Randolph Childress, former professional basketball player. McGraw initially expressed an interest but soon claimed he was tied to New York by his multiyear contract.27 In reality, he probably did not want to leave New York and simply wanted an excuse so as not to embarrass his friend. When the Giants moved back into the rebuilt Polo Grounds in late June, Giants owner John Brush would remember the consideration shown by Farrell. 48 Unidentified clipping, Ruppert Baseball Hall of Fame clipping file. The overall area under the land assemblage included the old Spuyten Duyvil Creek and surrounding marshy regions. In December 1938 MacPhail announced that he was pulling out of the no-radio agreement among the three New York teams, and that he would broadcast all Dodgers games. He hoped the Nets resurgence could help generate the momentum necessary to build a downtown arena. By midseason 1939, Yankees attendance lagged 1938 by a significant margin. Furthermore, signing Robinson would have caused some friction with Dodgers owner Charles Ebbets, though the Yankees could have maneuvered through this had Ruppert really wanted Robinson. Huston estimated the annual receipts from these sources at $325,000.37. One of Johnsons key tenets in starting his new league had been to clean up the hooliganism, dirty play, and umpire abuse that had been rampant in the National League during the 1890s. Richard's favorite part of his job is meeting the players in person and getting to know them on a personal level, which allows him to write about them with accuracy and compassion. I would like to wait until tomorrow and discuss this with you. MacPhail, in no condition to be mollified, responded by firing Weiss on the spot. Hal Steinbrenner succeeded his father as owner of the New York Yankees in 2008. They also had a terrific knack for finding great baseball men to work for them. Recent documents in a collection of Huston papers identify the purchase price as $463,000, Col Til Huston Papers in the Robert Edwards Auctions, May 18, 2103, auction; Sporting Life February 13, 1915; Daniel R. Levitt, Ed Barrow: The Bulldog Who Built the Yankees First Dynasty, 178-182.
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