Knowledge (XXG)

Fred Saigh

Source πŸ“

316:, Saigh had preferred from the beginning to sell to a local buyer, and was willing to accept any credible offer from interests who would keep the team in St. Louis. What is beyond dispute is that Anheuser-Busch's purchase all but assured that the Cardinals would stay in St. Louis. It also effectively spelled the end for the Browns, as Veeck concluded that he could not even begin to compete with Anheuser-Busch's resources. Shortly after Anheuser-Busch took control of the Cardinals, Veeck sold Sportsman's Park to the Cardinals. With their remaining leverage gone, it was the Browns who left town by the end of the season, becoming the 20: 192:. Although they had long since surpassed the Browns as the city's most popular team, Breadon wanted to build a park of his own. He had set aside $ 5 million to build a park, and was facing the end of a five-year deadline to build it before having to pay taxes on that money. Saigh persuaded Breadon to sell the Cardinals to him, with the assurance that he wouldn't have to pay taxes on his $ 5 million fund. To further put him at ease, Saigh brought in 277:, Saigh put the Cardinals up for sale. Saigh would have almost certainly been thrown out of baseball if he hadn't sold the team. For a time, no credible offers surfaced from St. Louis interests, making it seem likely that the team would be purchased by someone interested in moving them to another city. The most promising offer came from a consortium of businessmen in 328:
After his release from prison, Saigh resumed his career in private business, amassing a large amount of stock in Anheuser-Busch β€” becoming the largest shareholder outside the Busch family itself. However, he was routinely critical of Busch, claiming the team was "demoralized." Saigh wrote an
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In January, 1949, Hannegan, suffering from poor health, sold his share of the team to Saigh. Hannegan died that October of heart disease. As sole owner, Saigh's notable actions included leading other baseball owners to oust (by not renewing his contract)
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However, the tax dodge Saigh used soon came to light, as well as other questionable practices on his part. In April 1952, Saigh was indicted on federal charges of evading $ 49,260 in income taxes between 1946 and 1949. In January 1953, he pleaded
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to two counts involving more than $ 19,000 in tax underpayments, and was sentenced to 15 months in prison. He served six months at the federal penitentiary in
389: 689: 662: 455: 211: 48: 834: 293:; under major-league rules of the time, that meant they also held the major-league rights to Houston. The only question was whether Houston's 814: 503: 136: 819: 682: 610: 580: 487: 338: 255: 197: 387:"The School of Engineering salutes its newest endowed professors ... and the donors who made the professorships possible" (pdf) 334: 189: 185: 163: 361: 357:
Saigh had a wife named Elizabeth, but had no children. He left $ 70 million to charity in his will, establishing the
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persuaded Saigh that civic pride was more important than money. In truth, according to Anheuser-Busch historian
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However, just before he was due to reach a final agreement with the Houston group, Saigh sold the Cardinals to
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Saigh inherited a team in transition. The Cardinals, though then just one year removed from their ninth
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in 1926, at age 21, and became a highly successful tax and corporate lawyer and investor in
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as a minority partner. Hannegan was a prominent St. Louis businessman, former
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Bitter Brew: The Rise and Fall of Anheuser–Busch and America's Kings of Beer
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dated August 20, 1964, three weeks before the Cardinals made their
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One of Fred Saigh's early ventures was a company that operated
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wanted to sell. Breadon faced two problems. He was ill with
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and proposing revenue-sharing of local television revenues.
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The Team-by-Team Encyclopedia of Major League Baseball
87:, Saigh was the oldest of five children. He attended 127:. In the 1940s, he owned prime office buildings in 273:In February 1953, under pressure from Commissioner 107:. He apprenticed in a law office and earned his 663:Buffett donation puts spotlight on philanthropy 632:St. Louis Daily Record & St. Louis Countian 599:(2012). "4: The Man Who Saved The Cardinals". 690: 449: 447: 445: 443: 297:could be upgraded to major-league standards. 204:. The $ 4 million deal closed in late 1947. 181:from the city's other major league team, the 8: 697: 683: 675: 166:, Saigh got wind that longtime Cardinals 376: 546: 535: 454:Goldstein, Richard (January 2, 2000). 414: 412: 410: 408: 406: 232:, who had quickly resurfaced with the 30:(pronounced "sigh") (1905–1999) was a 482:. New York City: Workman Publishing. 473: 471: 7: 840:20th-century American businesspeople 382: 380: 236:. Meanwhile, the Browns, under new 512:. December 25, 1950. Archived from 626:Cole, Heather (February 7, 2007). 14: 605:. HarperCollins. pp. 57–66. 419:O'Neill, Tim (January 25, 2014). 131:. The buildings were two famous 198:United States Postmaster General 200:, and confidante of President 59:(MLB) from 1948 through 1953. 1: 835:People from Kewanee, Illinois 158:St. Louis Cardinals (1947–53) 815:Major League Baseball owners 16:American lawyer and investor 285:. The Cardinals owned the 28:Frederick Michael Saigh Jr. 856: 820:St. Louis Cardinals owners 152:Scruggs-Vandervoort-Barney 139:, which headquartered The 723: 646:Missouri Court of Appeals 137:Railway Exchange Building 249:Commissioner of Baseball 747:Helene Hathaway Britton 667:St. Louis Post-Dispatch 426:St. Louis Post-Dispatch 115:Early business ventures 97:Northwestern University 79:immigrants who owned a 67:Fred Saigh was born in 478:Purdy, Dennis (2006). 347:Chesterfield, Missouri 304:, the St. Louis-based 24: 597:Knoedelseder, William 359:Fred Saigh Foundation 339:Philadelphia Phillies 95:, and graduated from 69:Springfield, Illinois 57:Major League Baseball 46:professional baseball 22: 648:, Eastern District, 324:Post-Cardinals years 314:William Knoedelseder 268:Terre Haute, Indiana 164:1947 baseball season 714:St. Louis Cardinals 573:G. P. Putnam's Sons 335:improbable comeback 53:St. Louis Cardinals 41:, and owner of the 793:William DeWitt Jr. 761:Robert E. Hannegan 652:, February 6, 2007 569:Veeck--As in Wreck 461:The New York Times 392:2007-11-29 at the 364:2007-06-29 at the 162:At the end of the 129:downtown St. Louis 121:cigarette machines 89:Bradley University 25: 802: 801: 729:Chris von der Ahe 571:. New York City: 545:Missing or empty 529:The Sporting News 318:Baltimore Orioles 287:Houston Buffaloes 73:Kewanee, Illinois 71:, and grew up in 847: 795: 788: 781: 774: 767: 756: 749: 742: 731: 716: 715: 708: 707:Principal owners 699: 692: 685: 676: 670: 659: 653: 642: 636: 635: 623: 617: 616: 593: 587: 586: 561: 555: 554: 548: 543: 541: 533: 524: 518: 517: 516:on May 13, 2008. 500: 494: 493: 475: 466: 465: 451: 438: 437: 435: 433: 416: 401: 398:Engineering News 384: 337:to overtake the 234:Brooklyn Dodgers 179:Sportsman's Park 123:, but that went 93:Peoria, Illinois 855: 854: 850: 849: 848: 846: 845: 844: 805: 804: 803: 798: 791: 784: 777: 770: 759: 752: 745: 740:Stanley Robison 734: 727: 719: 713: 712: 706: 703: 673: 669:. July 2, 2006. 660: 656: 643: 639: 625: 624: 620: 613: 595: 594: 590: 583: 563: 562: 558: 544: 534: 532:. May 16, 1951. 526: 525: 521: 502: 501: 497: 490: 477: 476: 469: 453: 452: 441: 431: 429: 418: 417: 404: 394:Wayback Machine 385: 378: 374: 366:Wayback Machine 355: 326: 295:Buffalo Stadium 227:general manager 209:National League 194:Robert Hannegan 183:American League 175:prostate cancer 160: 117: 65: 17: 12: 11: 5: 853: 851: 843: 842: 837: 832: 827: 822: 817: 807: 806: 800: 799: 797: 796: 789: 786:Anheuser-Busch 782: 775: 768: 757: 750: 743: 732: 724: 721: 720: 704: 702: 701: 694: 687: 679: 672: 671: 654: 637: 618: 611: 588: 581: 567:(2012-05-24). 556: 519: 495: 488: 467: 439: 402: 375: 373: 370: 354: 351: 345:. He died in 325: 322: 302:Anheuser-Busch 252:Happy Chandler 159: 156: 116: 113: 85:grocery stores 75:. The son of 64: 61: 15: 13: 10: 9: 6: 4: 3: 2: 852: 841: 838: 836: 833: 831: 828: 826: 823: 821: 818: 816: 813: 812: 810: 794: 790: 787: 783: 780: 776: 773: 769: 766: 762: 758: 755: 751: 748: 744: 741: 737: 733: 730: 726: 725: 722: 717: 709: 700: 695: 693: 688: 686: 681: 680: 677: 668: 664: 658: 655: 651: 647: 641: 638: 633: 629: 622: 619: 614: 612:9780062009272 608: 604: 603: 598: 592: 589: 584: 582:9780226027210 578: 574: 570: 566: 560: 557: 552: 539: 531: 530: 523: 520: 515: 511: 510: 505: 499: 496: 491: 489:0-7611-3943-5 485: 481: 474: 472: 468: 463: 462: 457: 450: 448: 446: 444: 440: 428: 427: 422: 415: 413: 411: 409: 407: 403: 399: 395: 391: 388: 383: 381: 377: 371: 369: 367: 363: 360: 353:Personal life 352: 350: 348: 344: 340: 336: 332: 323: 321: 319: 315: 311: 307: 303: 298: 296: 292: 288: 284: 280: 276: 271: 269: 265: 259: 257: 254:in December, 253: 250: 244: 242: 239: 235: 231: 230:Branch Rickey 228: 224: 220: 217: 213: 210: 205: 203: 199: 195: 191: 187: 184: 180: 176: 172: 169: 165: 157: 155: 153: 149: 146: 142: 138: 134: 130: 126: 122: 114: 112: 110: 106: 102: 98: 94: 90: 86: 82: 78: 74: 70: 62: 60: 58: 54: 50: 47: 44: 40: 37: 33: 29: 23:Saigh in 1950 21: 779:Gussie Busch 771: 764: 657: 640: 631: 621: 601: 591: 568: 559: 547:|title= 527: 522: 514:the original 507: 498: 479: 459: 430:. Retrieved 424: 397: 356: 343:World Series 341:and win the 327: 310:Gussie Busch 299: 291:Texas League 272: 260: 245: 219:championship 216:World Series 206: 202:Harry Truman 161: 118: 66: 27: 26: 830:1999 deaths 825:1905 births 754:Sam Breadon 565:Veeck, Bill 504:"Surprise!" 432:January 29, 331:open letter 171:Sam Breadon 141:Famous-Barr 36:real estate 809:Categories 772:Fred Saigh 765:Fred Saigh 372:References 275:Ford Frick 264:no contest 241:Bill Veeck 214:and sixth 154:building. 101:law degree 63:Early life 718:franchise 644:Opinion, 538:cite news 133:landmarks 111:in 1928. 105:St. Louis 49:franchise 390:Archived 362:Archived 188:, since 125:bankrupt 77:Lebanese 43:American 39:investor 710:of the 306:brewery 289:of the 279:Houston 212:pennant 109:license 99:with a 763:& 738:& 609:  579:  486:  221:since 186:Browns 150:, and 145:retail 135:, the 51:, the 32:lawyer 736:Frank 283:Texas 238:owner 168:owner 148:chain 81:chain 607:ISBN 577:ISBN 551:help 509:Time 484:ISBN 434:2014 256:1950 223:1926 190:1920 143:Co. 665:". 91:in 83:of 55:of 811:: 630:. 575:. 542:: 540:}} 536:{{ 506:. 470:^ 458:. 442:^ 423:. 405:^ 396:, 379:^ 368:. 320:. 281:, 34:, 698:e 691:t 684:v 661:" 634:. 615:. 585:. 553:) 549:( 492:. 464:. 436:.

Index


lawyer
real estate
investor
American
professional baseball
franchise
St. Louis Cardinals
Major League Baseball
Springfield, Illinois
Kewanee, Illinois
Lebanese
chain
grocery stores
Bradley University
Peoria, Illinois
Northwestern University
law degree
St. Louis
license
cigarette machines
bankrupt
downtown St. Louis
landmarks
Railway Exchange Building
Famous-Barr
retail
chain
Scruggs-Vandervoort-Barney
1947 baseball season

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