The American League's white knight, Charles Somers, provided the seed money to start the Athletics and several other American League teams.
However, plans called for local interests to buy out Somers as soon as possible.
To that end, Mack persuaded sporting goods manufacturer Ben Shibe, a minority owner of the rival Philadelphia Phillies, to buy a 50 percent stake in the team—an offer sweetened by Mack's promise that Shibe would have the exclusive right to make baseballs for the American League.
In return, Mack was allowed to buy a 25 percent stake, and was named secretary and treasurer of the team.
Two local sports writers, Frank Hough and Sam Jones, bought the remaining 25 percent, but their involvement was not mentioned in the incorporating papers; in fact, no agreement was put on paper until 1902.
Mack and Shibe did business on a handshake.

In 1913, Hough and Jones sold their 25 percent to Mack, making him a full partner in the club with Shibe; Mack actually borrowed the money for the purchase from Shibe.
Under their agreement, Mack had full control over baseball matters while Shibe handled the business side.
However, Mack had enjoyed more or less a free hand over the baseball side since the team's inception.
When Shibe died in 1922, his sons Tom and John took over management of the business side, with Tom as team president and John as vice president.
Tom died in 1936, and John resigned shortly thereafter, leaving Mack to take over the presidency.
John Shibe died in 1937, and Mack bought 141 shares from his estate, enough to make him majority owner of the A's.
However, he had been operating head of the franchise since Ben Shibe's death.
Such an arrangement is no longer possible in current times, as major-league rules do not allow a coach or manager to own any financial interest in a club.

Mack's great strength as an owner was his huge network of baseball friends, all of whom acted as scouts and "bird-dogs" for him, finding talented players and alerting Mack. "
Mack was better at that game than anybody else in the world.
People liked Mack, respected him, and trusted him. ...
Mack answered every letter and listened patiently to every sales job, and ... he got players for that reason."

Mack saw baseball as a business, and recognized that economic necessity drove the game.
He explained to his cousin, Art Dempsey, that "The best thing for a team financially is to be in the running and finish second.
If you win, the players all expect raises."
This was one reason he was constantly collecting players, signing almost anyone to a ten-day contract to assess his talent; he was looking ahead to future seasons when his veterans would either retire or hold out for bigger salaries than Mack could give them.

Unlike most baseball owners, Mack had almost no income apart from the A's.
Even when he collected rent from the Phillies, he was often in financial difficulties.
Money problems—the escalation of his best players' salaries (due both to their success and to competition from a new, well-financed third major league of the Federal League in 1914-1915), combined with a steep drop in attendance due to World War I—led to the gradual dispersal of his second championship team, the 1910–1914 team, who he sold, traded, or released over the years 1915–1917.
The war hurt the team badly, leaving Mack without the resources to sign valuable players.
His 1916 team, with a 36–117 record, is often considered the worst team in American League history, and its .235 winning percentage is still the lowest ever for a modern-era (since 1900) major league team.
The team's 117 losses set a modern era record and at the time was the second most losses behind the Cleveland Spiders' 130 in 1899.
As of 2012 that record has been topped only twice, with the 1962 New York Mets breaking that record with 120 losses in their inaugural season and the 2003 Detroit Tigers surpassing it with 119 although those teams played 162 game schedules, not 154 like the Athletics.
All told, the A's finished dead last in the AL seven years in a row from 1915 to 1921, and would not re
The American League's white knight, Charles Somers, provided the seed money to start the Athletics and several other American League teams. However, plans called for local interests to buy out Somers as soon as possible. To that end, Mack persuaded sporting goods manufacturer Ben Shibe, a minority owner of the rival Philadelphia Phillies, to buy a 50 percent stake in the team—an offer sweetened by Mack's promise that Shibe would have the exclusive right to make baseballs for the American League. In return, Mack was allowed to buy a 25 percent stake, and was named secretary and treasurer of the team. Two local sports writers, Frank Hough and Sam Jones, bought the remaining 25 percent, but their involvement was not mentioned in the incorporating papers; in fact, no agreement was put on paper until 1902. Mack and Shibe did business on a handshake.
In 1913, Hough and Jones sold their 25 percent to Mack, making him a full partner in the club with Shibe; Mack actually borrowed the money for the purchase from Shibe. Under their agreement, Mack had full control over baseball matters while Shibe handled the business side. However, Mack had enjoyed more or less a free hand over the baseball side since the team's inception. When Shibe died in 1922, his sons Tom and John took over management of the business side, with Tom as team president and John as vice president. Tom died in 1936, and John resigned shortly thereafter, leaving Mack to take over the presidency. John Shibe died in 1937, and Mack bought 141 shares from his estate, enough to make him majority owner of the A's. However, he had been operating head of the franchise since Ben Shibe's death. Such an arrangement is no longer possible in current times, as major-league rules do not allow a coach or manager to own any financial interest in a club.
Mack's great strength as an owner was his huge network of baseball friends, all of whom acted as scouts and "bird-dogs" for him, finding talented players and alerting Mack. "Mack was better at that game than anybody else in the world. People liked Mack, respected him, and trusted him. ... Mack answered every letter and listened patiently to every sales job, and ... he got players for that reason."
Mack saw baseball as a business, and recognized that economic necessity drove the game. He explained to his cousin, Art Dempsey, that "The best thing for a team financially is to be in the running and finish second. If you win, the players all expect raises." This was one reason he was constantly collecting players, signing almost anyone to a ten-day contract to assess his talent; he was looking ahead to future seasons when his veterans would either retire or hold out for bigger salaries than Mack could give them.
Unlike most baseball owners, Mack had almost no income apart from the A's. Even when he collected rent from the Phillies, he was often in financial difficulties. Money problems—the escalation of his best players' salaries (due both to their success and to competition from a new, well-financed third major league of the Federal League in 1914-1915), combined with a steep drop in attendance due to World War I—led to the gradual dispersal of his second championship team, the 1910–1914 team, who he sold, traded, or released over the years 1915–1917. The war hurt the team badly, leaving Mack without the resources to sign valuable players. His 1916 team, with a 36–117 record, is often considered the worst team in American League history, and its .235 winning percentage is still the lowest ever for a modern-era (since 1900) major league team. The team's 117 losses set a modern era record and at the time was the second most losses behind the Cleveland Spiders' 130 in 1899. As of 2012 that record has been topped only twice, with the 1962 New York Mets breaking that record with 120 losses in their inaugural season and the 2003 Detroit Tigers surpassing it with 119 although those teams played 162 game schedules, not 154 like the Athletics. All told, the A's finished dead last in the AL seven years in a row from 1915 to 1921, and would not re
Connie Mack