In 1916, Broadway producer Harry Frazee purchased the Red Sox, on credit, for $500,000. Frazee lost his patience with Ruth despite the latter's success with the Red Sox, as Ruth had threatened to hold out for a larger contract and become a distraction. After the Red Sox finished sixth in the American League in 1919, Frazee, needing money to finance a Broadway musical, often said to be "No, No Nanette" (the success of that 1925 play is actually what paid off the loan). However, Ruth was sold to the Yankees in 1919, and "No, No Nanette" was produced by Frazee in 1925. Frazee received $125,000 and a loan of $300,000 — secured on Fenway Park — for Ruth, despite Ruth having set the record for home runs with 29 in 1919. This began a series of deals with the Yankees that resulted in a long period of mediocrity for the Red Sox while the Yankees began their dynasty.