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Veeck group buys White Sox amid financing strains
A 40-member Veeck-led group won approval to own the Chicago White Sox with 80 percent of the shares purchased from John Allyn for 9.75 million. Veeck becomes team president on a 65,000 dollar salary after selling much of his potential stake to raise 1.2 million in working capital. Hank Greenberg and Bill DeWitt are among the investors. Allyn retains 20 percent.
MENTIONED IN THIS ARTICLE
Hollywood
Fla
Bill Veeck
Veeck
Chicago White Sox
White Sox
John Allyn
Hank Greenberg
Bill DeWitt
St. Louis Browns
Cincinnati Reds
Allyn
Lee MacPhail
MacPhail
San Francisco Giants
National League
Charles Feeney
Giants
Feeney
Los Angeles Dodgers
Walter O’malley
Bay Area
O’ Malley
O'Malley
San Francisco
Candlestick Park
Ron Lurie