Rickey Will Sell for Price
Article taken from The Ames Daily Tribune, September 1, 1956
PITTSBURGH (UP) - Branch Rickey, baseball's
business genius who created diamond dynasties in St. Lois and Brooklyn,
said today he would sell his stock in the Pittsburgh Pirates "if I got
the right price."
The 74-year old baseball wizard, who stepped down as general manager
last year to take an advisory post, owns about $350,000 worth of stock in the
club.
"I'm not looking for a buyer," Rickey told the United Press, "but I'd
sell if the price is right."
Rickey said he "gave up good ballplayers for the right price" when he
was with the Cardinals and Dodgers.
"If I had the best player in baseball I would not go looking for a buyer,"
he said. "But if someone offered me $10 million for him, I would be foolish
not to sell. The same principle applies to my Pittsburgh stock."
Rickey came to the Pirates as general manager in 1950. He was signed
to a five-year contract at $100,000 a year with an option clause calling for
a salary of $50,000 a year for the next five years.
Rickey had a five-year plan for the Pirates but it did not start to bear
fruit until the sixth year, and he was succeeded as general manager by Joe
L. Brown, son of comedian Joe E. Brown.