Owners The National League loans the Cincinnati Reds $50,000 at 4.5% interest February 13, 1934February 12, 2020 Owners On February 13 1934 — The National League loans the Cincinnati Reds $50,000 at 4.5% interest. Powel Crosley, who bought the team 10 days ago, will repay Cincinnati’s debt in full by 1938.