In an attempt to combat “chain store” baseball, the American Association votes to bar further ownership of its clubs by the major league clubs.

This Day In Baseball

On December 5, 1927 — In an attempt to combat “chain store” baseball, the American Association votes to bar further ownership of its clubs by the major league clubs.

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Sources:

Baseball Reference December 5
SABR Games Project
Hall of Fame
National Pastime December 5
Replay The Game
Retro Sheet