1916 – The St. Louis Browns are the first of two major league franchises awarded to former Federal League owners. Philip de Catesby Ball, ice-manufacturing tycoon and principal stockholder of the Feds’ St. Louis Terriers, pays a reported $525,000 for the Browns and replaces manager Branch Rickey with his own Fielder Jones.
On January 4, 1916 — 1916 – The St. Louis Browns are the first of two major league franchises awarded to former Federal League owners. Philip de Catesby Ball, ice-manufacturing tycoon and principal stockholder of the Feds’ St. Louis Terriers, pays a reported $525,000 for the Browns and replaces manager Branch Rickey with his own Fielder Jones.
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Sources:
National Pastime January 4