The Deal
Sunday, November 8, 
3:50 pm

This date in deal history

  Share     E-Mail    Discussion    Print Story

Jan. 18, 1951: The National Football League dissolves the Baltimore Colts due to financial weakness. The team had been successful in the old All-America Football Conference, but couldn’t compete after the AAFC merged with the NFL. Baltimore went two seasons without professional football, a harbinger of things to come. In 1952, the league decreed that pigskins would fly again in the city if the franchise could sell 15,000 season tickets in six weeks—a goal accomplished in less than five weeks. The next year, Carroll Rosenbloom moved the Dallas NFL team to Baltimore, adopted the Colts sobriquet and began a relatively successful, 31-year run. But in 1984, Robert Irsay—who had acquired the club from Rosenbloom in exchange for the Los Angeles Rams—engineered a midnight move to Indianapolis a day after the Maryland Legislature authorized the city of Baltimore to seize the team in a dispute over a new stadium. Baltimore clerics enjoyed another 12 years of football-free Sabbaths until Art Modell moved the financially troubled Cleveland Browns to Baltimore as the Ravens. That move took place in broad daylight.—Jeff Kanige

Continue reading below

Also on Dealscape





Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Linklaters' Schmidt says how regulators handled Pfizer Inc.'s acquisition of Wyeth is an outlier of how others merger reviews will be conducted.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Dealing with frozen bank lending

If your bank is not willing to lend, what can you do as your company continues to seek growth?


Judgment Call

The coming age of the renminbi

The Chinese currency will play an increasingly important role in international commerce and finance.


Industry Insight

Banking on PE investments

Howls of protest greeted the FDIC policy statement, but the financial services industry should get over it.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.