Clipping:New York Club ownership 2
Jump to navigation
Jump to search
 |
| Add a Clipping |
| Date | Saturday, July 5, 1890 |
|---|---|
| Text | [editorial matter] The only one of the big clubs that needed reorganization was New York, because the controlling interesting in that club was owned by Mr. John B. Day, who, it was understood, was not, owing to a number of reverses in recent years, able to carry the club alone through a losing season. Accordingly, the capital stock has been increased to $100,000, which gave the club the necessary capital to stand the losses it will surely suffer this season. Who took the additional stock is not known, although it is hinted that a couple of League magnates secured a large block of it, and the Mr. Dillingham, a former minority stockholder, is also more largely interested now. It is not known whether all of the additional stock has been placed. If it has been, there are some capitalists who have an abiding faith in the future of the New York League Club. Of course this increased stock has reduced Mr. Day's interest, but whether enough to give the control of the club to other parties is not known. |
| Source | Sporting Life |
| Tags | |
| Warning | |
| Comment | Edit with form to add a comment |
| Query | Edit with form to add a query |
| Submitted by | Richard Hershberger |
| Origin | Initial Hershberger Clippings |
Comments
<comments voting="Plus" />