Career
A leather goods and shoe merchant, Nugent married longtime Phillies secretary Mae Mallen in 1925. With the support of Baker"s widow, Nugent became team president Baker"s widow died in 1932, leaving Nugent in full control.
Unlike Baker, Nugent cared more about winning than saving money.
However, even with his income from his other businesses, he didn"t have the financial means to get the Phillies out of the National League basement. He was forced to trade what little talent the team had to make ends meet and had to use some creative financial methods to be able even to field a team at all.
The one highlight of his ownership was a 78-76 record in 1932, the only time that the Phillies finished with a winning record between 1918 and 1948. Nugent finally reached the end of his rope in 1942.
A year after posting a 43-111 record,the worst in franchise history, the Phillies needed an advance from the league just to be able to take part in spring training.
Realizing that there was no way he could operate the team in 1943, he reached an agreement in principle that February to sell the team to Bill Veeck, who planned to bring in Negro League stars in an effort to turn the moribund franchise around. A week later, the league sold the Phillies to lumber broker William B. Cox. This story was initially refuted by a 1998 article in the Society for American Baseball Research"s The National Pastime, which argued that Philadelphia"s black press made no mention of a sale to Veeck.
However, new evidence has surfaced that suggested Nugent did indeed plan to sell the Phillies to Veeck.