What play was funded by the money Harry Frazee received from selling Babe Ruth to the Yankees?

The name of the play was "No, No, Nanette," which was a musical version of a play Frazee produced in 1920 called "My Lady Friends." The problem is there is absolutely no proof Frazee used any of the proceeds from the Ruth sale to finance any of his Broadway productions. Frazee sold Ruth in January 1920, but he didn't announce plans to produce "No, No, Nanette" until May 1923; the musical didn't open OFF Broadway until 1924; and it didn't open ON Broadway until 1925. Whomever first wrote that Frazee sold Ruth to finance "No, No, Nanette" didn't do his home work.

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