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DETROIT MEN TO SELL HALF GRAY SHARESClaude Varnell, Owner of Fort Wayne Franchise, Is Given Option to Buy.Affair* at Providence are far from led just yet. The latest report, and ii comes from .« reliable source, has It that Oiuude Varnell, ott ner of the Fort ny.on* ‘Vntra! League Club, has been yivor, a torwlay option on half of the Providence tiub's stock. Varnell immediately placed ihe Fort Wayne Club on Ihe block, and if he can get his rice will take over necessary shares in Khode island’s International League I representative.Vurneir* home is In Wheeling, W.\ a., but if he succeeds In obtaining the interest in the Providence Club that lias been offered to him he will move to tSrayvllle. He is a shrewd businessHill II.Frank Xavin, president of the Detroit Club, will still have bis big interest, but it is expected that If the deal goes through President Jt. F. Van Dueen. a friend of Xavin’s, will be deposed and Yamell will nil that capacity. It Ih also very likely that Fred Lake will be retained us manager of the Clamdiggers.Very likely the Detroit magnate does: not like to have as much as 170,000 tied up m a minor league club. but. desires to hold onl a controlling Interest. As he will only sell half of the shares It j would be impossible for the other j .shareholders to outvote him.
Newspaper Details
Newark Evening Star And Newark Advertiser
Newark, New Jersey, US
Sat, Jan 20, 1912
Page 5
Full Page
Clipped by
Chad G.
USA 16 Jul 2022
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