Thursday, 24 July 2008

Wenatchee in Debt; Selling Assets

Chiefs Lose $16,728 For Season
WENATCHEE, Oct. 3, 1953—(AP)—The Wenatchee Chiefs of the Western International Baseball League lost $16,728 in the 1953 season and $30,000 in the last four years, the board of directors has announced.
“It looks like baseball is on its way out in Wenatchee,” said the Wenatchee Daily World in an article discussing the situation.
Viewed as the most critical item was a debt of $7,800 in federal and state taxes which must be paid by October 31. Two of the team’s three station wagons have been sold to raise funds. Other assets include player contracts, equipment and the league franchise.
As for the latter, Eugene, Ore., is seeking a berth in the league and has inquired about a franchise.
The team is a community operation. Shareholders and fans are to meet October 8 to discuss the team’s problems.

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