MacPhail’s purchase of Yankees starts new dynasty
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Just then, the door opened and a Marine captain entered. It was Dan Topping, who was home on leave from the Pacific. MacPhail knew him from when they served in the military; Dan had told MacPhail that if he returned to baseball, he would like to be his partner.
Topping hadn’t changed his mind, but the $2.8 million needed was beyond his cash flow at the moment. They were referred to Webb, a real estate developer in Phoenix.
A few days after MacPhail and Topping contacted Webb, the necessary funds had been transferred. And this time, it was approved.
MacPhail’s tenure in Yankee Stadium was brief and profitable. In October 1947 – following the Yankees’ first World Series victory in four years – MacPhail was involved in a dispute with his partners, and the following morning, Topping and Webb purchased his shares for $1.75 million.
MacPhail passed away on Oct. 1, 1975. He was elected to the Hall of Fame in 1978.
Jonathan Coe was the fall 2011 Public Relations intern for the National Baseball Hall of Fame and Museum