The press reports the impending sale of the New York Yankees by the Ruppert estate to political bigwigs Jim Farley and Jesse Jones. The Sporting News declares the sale will be for $4 million. The imminent sale will resurface on the front page several times during the next year, but it will never happen.

On May 9, 1940 — The press reports the impending sale of the New York Yankees by the Ruppert estate to political bigwigs Jim Farley and Jesse Jones. The Sporting News declares the sale will be for $4 million. The imminent sale will resurface on the front page several times during the next year, but it will never happen.

 

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