Frank E. McKinney resigns as president of the Pirates. He sells interests in the club to John Galbreath and Tom Johnson, with Galbreath assuming the presidency. Vice President Bing Crosby retains his minority interest.

This Day In Baseball

On July 19, 1950 — Frank E. McKinney resigns as president of the Pirates. He sells interests in the club to John Galbreath and Tom Johnson, with Galbreath assuming the presidency. Vice President Bing Crosby retains his minority interest.

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Sources:
Baseball Reference July 19
National Pastime July 19
Retro Sheet
Hall of Fame
SABR Games Project
Replay The Game