Fred Saigh buys out the interest of Robert Hannegan and now controls 90 percent of the St. Louis Cardinals’ stock. Saigh and Hannegan had swung the deal in 1947 with only $60,300 in cash in a $4 million deal. Hannegan comes out with $866,000 profit in two years.

This Day In Baseball

On January 27 1949 — Fred Saigh buys out the interest of Robert Hannegan and now controls 90 percent of the St. Louis Cardinals’ stock. Saigh and Hannegan had swung the deal in 1947 with only $60,300 in cash in a $4 million deal. Hannegan comes out with $866,000 profit in two years.

 

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