It took a seven-hour meeting and intervention by AFL commissioner Joe Foss, but the long-rumored ownership shakeup finally happened.
The day started with the eight owners getting together to try and resolve the mutual antipathies that had built up among the various group cliques. Three hours in and with nothing settled, Foss arrived in person with a pair of league lawyers.
As Foss explained, behavior at recent league meetings had shown that “all was not well in Oakland. It was decided then that I should come to Oakland for the meeting. I was authorized to take away the franchise if the problems couldn’t be worked out. I got here after the men had been in session for three hours and had reached an impasse.” Everyone agreed they wanted to keep the team in Oakland, but Foss said, “they just couldn’t get along and it was obvious one group had to sell out. For the next four hours, I and the league attorneys listened to both sides of the argument and finally a sale agreement was reached. Everyone in the league feels that Oakland can become one of our great franchises.”
It was decided that Don Blessing, Charles Harney, Roger Lapham, Wallace Marsh, and Chet Soda would sell their shares to Ed McGah, Robert Osborne, and Wayne Valley. McGah would retain his position as president, with the vice presidency going to Valley, and Osborne assuming the treasurer role.
Afterward, Valley said, “The three of us have wanted all along to proceed in Oakland. We are all East Bay businessmen and we feel that we can succeed.” Asked about rumors that the team would pursue austerity, he added, “We want to win, and we are businessmen, and within those confines we shall move forward. We have lots of things to look into and personnel to evaluate. This is not to say that we are unhappy with the people we now have.”
One of those people was Eddie Erdelatz who, responding to the news that the team would stay in town, said it was “one of the greatest things to happen to the city of Oakland. We will make every effort to field a team Oakland can be proud of next season. The American League has shown what it can do on the field. Our fans were pleased with the wide-open style of play and I feel we’ll have much larger crowds next year.”
San Francisco Chronicle