Walter O’Malley succeeds Branch Rickey as president of the Dodgers
On October 26, 1950 — Walter O’Malley succeeds Branch Rickey as president of the Dodgers. O’Malley, who had offered to buy Rickey’s share of the club to become majority owner, is forced to pay more money when ‘the Mahatma’, in a final act of defiance about being told to leave the organization, offers his share of the team to a friend for a million dollars, a deal the new president believes, but can’t prove, to be as “fraudulent as a four-dollar bill.”
