Thanks for the links contrarian. I'll take a look at them soon. The following paragraph is what I read on wikipedia. Some people don't like wikipedia but I've always found it quite useful.
"The Robisons' decision to effectively reduce the Spiders to minor league status, along with other intra-league raiding such as that conducted by the Dodgers and to a lesser extent the Pittsburg Pirates, unwittingly helped pave the way to the National League's loss of its major league monopoly. The 12th-place Spiders were one of four teams contracted out of the National League at the end of the 1899 season (the others were the 11th-place Senators, the ninth-place Louisville Colonels and the fourth-place Baltimore Orioles, who were bankrupt). The 1899 fiasco played a role in the major leagues passing a rule which barred one person from owning controlling interest in two clubs.
The Robisons sold the assets of the Spiders team to Charles Somers and John Kilfoyle in 1900.[2] In 1900, the then-minor American League (previously the Western League) fielded a team called the Cleveland Lake Shores. In 1901, after the American League declared major league status, the team became the Cleveland Blues, and eventually the Cleveland Indians."