This is very clever. On March 3, 1953, citing territorial privilege due to the location of their minor league club, Lou Perini blocks the Browns’ attempt to move to Milwaukee from St. Louis.
Now why would he do that. Well, fifteen days later, the Braves’ owner will move his own major league club from Boston to that midwestern city.
In 1945, Lou purchased the club from Bob Quinn for $500,000 then moved the club to Milwaukee, Wisconsin for the 1953 season after complaining of poor attendance and revenue in Boston.
At the completion of the 1961 season he sold the franchise for $5.5 million to Chicago insurance executive William Bartholomay who later moved the franchise to Atlanta for the 1966 season, while retaining a 10% interest in the club and sat on the Board of Directors for a number of years.
Prior to owning the Braves, Perini gained his fortune in his family’s construction business, Perini Corp, having started out his working life as a water boy in his father’s small construction firm, ending up running the major worldwide Perini Corporation. Continue reading