Frank A. Sieverman, Jr. is a former NYAC president, a two time metropolitan squash champion and a 1984 Hall of Fame inductee.
Sieverman became a member of the Club in 1931 as one of the country’s top squash players. He had previously competed for the Gramercy Park Squash Club, but was recruited to the NYAC by Captain Jack Leo, Sr. Sieverman won two class A metropolitan squash championships with the NYAC, in 1932 an 1934.
Sieverman joined the Board of Governors in 1941, serving as the chairman of the Restaurant Committee.
In 1945, Sieverman was elected vice president, serving under President Lee S. Buckingham. When Buckingham died suddenly in 1946, Sieverman was elected as his replacement.
Sieverman inherited a club that was on the brink of financial collapse. Under the 1935 reorganization, the Club’s first mortgage of $4,477,400 would mature in 1955, in addition to the $917,000 owed for the second mortgage. The other problem was Travers Island: when the Navy returned TI to the NYAC, it needed serious repairs but the Club didn’t have any money to pay for them. Sieverman attacked these financial woes head on. He asked all departments to be self sufficient and operate in the black. To increase revenue, the Club started new summer programs at Travers Island, including a day camp for children.
Sieverman established a group called NYAC Associates, which raised money to cover the Club’s second mortgage with bonds. Members bought stock in NYAC Associates, Inc., and that money was used to buy Second Mortgage Bonds.
There were serious discussions during Sieverman’s presidency about selling Travers Island. Several financial reorganization firms predicted that the sale of Travers Island was the only way to save the City House. However, with the assistance of longtime NYAC General Manager Jim Parker, who helped transform Travers Island into the haven it is today, the Club’s Westchester home increased revenue over the coming years.
By the end of his tenure in 1948, the Club had reached its highest membership in 19 years, with 7,692 members. With the increased revenue from the new additions to the membership, the Club found itself in good financial standing. Sieverman had left the NYAC far better than he had inherited it. Without his efforts, it is likely that the Club would not exist as it does today. For that, all NYAC members are indebted to Frank Sieverman.