Saigh made a fortune as a lawyer, an investor, and an owner of commercial property as well. In 1947, Saigh along with a well established businessman by the name of Robert Hannegan purchased the club from long time owner Sam Breadon whose health was in decline. Just two years later Hannegan suffered health issues of his own, which led to Saigh purchasing the team outright. Then came the tax trouble. In April of 1952, the 47-year-old Saigh was indicted on five counts of tax evasion. The indictment accused him of avoiding $49,620 between 1946 and 1949. Less than a year later the charges had been reduced to two charges that totaled nearly $20,000. At that point Saigh gave up the idea of fighting it anymore, so he plead no contest.
Bill Veeck and the Browns organization had to see this legal battle as a way to take claim of sole proprietorship when it came to baseball in St. Louis. The fact of the matter is the city was not big enough for both teams and one of them would be heading for another city before too long. Once Gussie Busch stepped into the picture Veeck knew he was no match for the money that the brewery owner brought to the table. In 1954, Veeck decided to shift his club to Baltimore and sell the old ballpark to Busch. A new era had begun.
While the pages were being turned to that next era in Cardinals ownership Saigh served five months of his 15 month sentence before being released. After several years of legal wrangling Saigh settled on some civil suit, and moved on from the tax issues. He was able to gain wealth once again with wise investments, which included a large portion of stock in Anhueser Busch. Saigh had his sites set on purchasing the Washington Senators in 1971 before pulling his name out of the hat due to his past. However, Saigh would go onto amass nearly $500 million before passing away in 1999 at the age of 94. He was one of the wealthiest people in St. Louis at the time. He donated a substantial amount of money to charity in his will, and established The Fred Saigh Foundation. To this day his contributions to his fellow man still go on. When mentioned among those who know their baseball history the first thing that may come up might be the tax case. It may have helped define his legacy, but in this fan's opinion it was unfortunate bump in the road of life. A life that turned out to be great. His character stood tall even after he heard a judgement come down against him in a court of law. If he were here today I would shake his hand before thanking him for helping keep the Birds right where they belong.
You can read a short bio about Saigh's life on here: http://thesaighfoundation.org/flash/saighflash.html
No comments:
Post a Comment