1950 was a year which brought about an internal shakeup in how the Connie Mack family owned and ran the American League A’s in Philadelphia. It was also the harbinger of great changes to come. 1950 would turn out to be Connie Mack Sr.’s last year as the A’s manager after 50 years at the helm, but things would not imrpove on the field or at te box office, After a dead-last, 101 loss finish in 1954, the Mack family would sell the club to Kansas City interests, where the club would emerge in 1955 as the Kansas City Athletics
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AUGUST 10, 1950
MACK BOYS SAID READY TO SWING PURCHASE OF A’S
PHILADELPHIA, AUG. 10. (AP) – Roy and Earle Mack, elder sons of 87-year old Connie Mack, said today they will buy all outstanding stock of the Philadelphia Athletics.
Financing, they said, has been arranged with the Connecticut General Life Insurance Company. The deal for a reported $1,800,000 would make Roy, Earle, and Connie, Sr. the sole owners of the club, its farm system, the Major League franchise, and Shibe Park, Philadelphia’s only major league layout.
It should end the front office bickering that has become more and more apparent as the A’s stumbled around near the cellar of the league. The seventh-place team is far behind the pennant pace that was the right spring dream of the oldest manager of them all:(Connie Mack) Celebrating his 50th anniversary year. The sellers ,under an option agreement that Roy and Earle said they would exercise, are Connie Mack, Jr., his mother, Mrs. Connie Mack, Sr. and the heirs of Thomas and Benjamin Schibe, former presidents of the club. They own 872 of the 1500 shares of stock. Young Connie Mack is a son-in-law of Mrs. Tom Connolly, wife of the Texas senator.
~ Associated Press, Galveston Daily News, August 11, 1950, Page 23.
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April 30, 2014 at 12:34 am |
Category Management
1950: Sale to End Mack Family Squabble Over As | The Pecan Park Eagle