Public domain because the copyright expired. (Note that even though it was published after 1923, according to the Library of Congress, the copyright expired because it was not renewed.) The original holder was: Kaufmann & Fabry Co., copyright claimant's address: 425 So. Wabash Ave., Chicago, Illinois.
Note that it may still be copyrighted in jurisdictions that do not apply the rule of the shorter term for US works (depending on the date of the author's death), such as Canada (70 years p.m.a.), Mainland China (50 years p.m.a., not Hong Kong or Macao), Germany (70 years p.m.a.), Mexico (100 years p.m.a.), Switzerland (70 years p.m.a.), and other countries with individual treaties.
{{Information |Description=Formal opening of the new Michigan Stadium, Ann Arbor, October 22, 1927, Ohio State University vs. University of Michigan. |Source=Library of Congress American Memory Collection - reproduction number "LC-USZ62-127311 DLC" - go t