Today in Tribe History: March 22, 1972
Bob Toth | On 22, Mar 2015
The purchase of the Cleveland Indians by a group headed by attorney Nick Mileti is approved by the American League.
The Cleveland-born Mileti was a well-known figure already in the city, owning both the National Basketball Association’s Cleveland Cavaliers as well as the World Hockey Association’s Cleveland Crusaders. He attended Bowling Green State University and received a law degree from the Ohio State University.
The sale ended the ownership reign of Vernon Stouffer, who previously and famously declined to sell the team to local businessman George Steinbrenner. Stouffer opted to sell the team after the AL declined his bid to have some of the Indians games played in New Orleans at the Superdome.