That year, a group of local businessmen formed Vols, Inc. to purchase the financially-strapped minor league Nashville Vols from T. L. Murray. One of those civic leaders was Eddy Arnold. Shares in Vols, Inc. were sold at $5 each, and 4,876 shares were sold. At the end of the 1959 Southern Association baseball season, the venture had lost almost $3,000.
Although the number of Vols, Inc. shares owned by Arnold is unknown, he served as secretary of the corporation. For anyone who owns an old stock certificate, Arnold’s facsimile signature is on it (so is Hershel Greer’s; the current PCL Nashville Sounds stadium is named for him).
The Vols, Inc. organization owned the ballclub through 1963 when it was disbanded after the demise of the Southern Association after the 1961 season, an absence of pro baseball in Nashville in 1962, and a one-year presence in the Southl Atlantic League. Sulphur Dell was sold in 1965 and torn down in 1969.
