I am reading "Farewell to the Last Golden Era: The Yankees, the Pirates and the 1960 Baseball Season" and the first chapter has a blockbuster piece of info that I can't believe I never heard of before: Branch Rickey and Bill Shea (of Shea Stadium) announced in 1960 that they were forming a third Major League, the Continental League with franchises in NY (building began at Shea Stadium for this team), Buffalo, Toronto, Denver, Dallas, Atlanta, Montreal, and Minneapolis-St. Paul.
Ford Frick, the Commissioner, officially welcomed it given that Senator Kefauver otherwise threatened to hold anti-trust hearings on MLB's monopoly.
It did not happen in the end, but several of the subsequent expansions or team moves (Senators to the Twin Cities) had their origins in this, and given that Branch Rickey was one of the founders and another did get a NY stadium built, it was no complete fantasy.
Strange - is this well known? Has anyone hear heard of this league almost happening in 1960?