On November 10, 1919 — Former major league right-hander Clark Griffith, who owns 19% of the Senators, becomes a club owner when he joins forces with Philadelphia grain broker William Richardson, who purchased 40% in the franchise. The two quickly came to an agreement that allowed Griffith to vote Richardson’s shares as well, all but assuring his election as the team president.
The cost in total was $175,000. Griffith, unable to get financial help from the American League, mortgages his Montana ranch to raise funds.
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