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From the archives

Contract signed for Frazee to sell Red Sox

Exact price said to be approximately $1.2m

The sale of the Boston American League club has been completed. After an all day discussion of details by Pres H.H. Frazee, Palmer M. Winslow, Edward Schoenborn and Robert Quinn, representing the Ohio syndicate, with Thomas J. Barry and Ripley L. Dana, legal advisers of the contracting parties, and Pres Ban Johnson of the American League as an observer, an agreement was reached about 5 yesterday afternoon, and the contract signed. All that now remains is the arranging of some routine details connected with the final passing of the papers.

Neither side would state the amount of money involved in the transaction, although Pres. Frazee said, last night, that he received the price he has been asking all along, which has been $1,250,000. Possibly this was shaded somewhat when the compromise stage of the proceedings was reached, but those who should have an inkling of the facts intimate that about $1,200,000 was the price.

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“Bobbie” Quinn, who is to be the new president of the club, and who, like Mr Frazee, knows the exact amount, declined to give any information, saying he did not think the public would be interested in the matter, and that those sides had agreed not to disclose the amount.

It is expected that the new owners will assume control of the club Aug. 1.

Quinn silent as to plans

Mr Quinn was not prepared, last night, to discuss the plans of the new owners after they assume control. He declared that he will take some time in looking over the situation before any changes are made. He is going back to St. Louis to close up some personal affairs, and expects to return to Boston, the latter part of this month, and make Boston his permanent home.

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