On November 25, 1947 —  Sam Breadon sells the St. Louis Cardinals empire to Robert Hannegan and Fred Saigh. The price is in excess of $4 million with the new owners getting the Cardinal players, physical assets, 16 minor league franchises, $2.1 million in reserve funds and payment on a new ballpark site, four minor league parks, and the lease on Sportsman’s Park. Breadon had first acquired an interest in the Cardinals in 1917 and bought control in 1920 for an investment of $350,000.

 


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