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On may 25, 1920, ruppert made a personal loan to frazee for $300,000, with fenway park as collateral 1 on each of the following three years. Because frazee owned the red sox and ruppert owned half of the yankees, and the collateral for the loan was fenway park, it was very much a part of the ruth transaction.
This is the day, 105 years ago, it was announced that harry frazee, the owner of the boston red sox, had sold babe ruth to the new york yankees Ruppert and huston paid frazee $25,000 in cash up front, followed by three promissory notes scheduled for nov There are a lot of points of light in baseball history
Never one brighter than this
The deal had been consummated days earlier. For fans of the boston red sox, the unthinkable, unimaginable, unfathomable happened 100 years ago with the sale of babe ruth to the new york yankees Ruth, all of 24 years old, had made the transition from star southpaw pitcher to the premier slugger in the game by 1919. Babe ruth became such a superstar and celebrity which was never seen in baseball before him
On the morning of january 6, 1920, new yorkers awoke to a headline in the new york times that screamed “ruth bought by new york americans for $125,000, highest price in baseball annals.” 2 it was dramatic, albeit incorrect (the actual price was $100,000). The times, using one of its home team’s previous nicknames, announced the transaction on jan “ruth bought by new york americans for $125,000/highest price in baseball annals.”
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