Monday, Jan. 24, 1949
New Management
Socialite Sportsman Alexis Thompson pocketed the $250,000 check and hopped a train for Manhattan. After eight years, the 34-year-old steel-fortune heir was no longer the owner of the Philadelphia Eagles, champions of the National Football League. Last week, the Eagles had an even hundred new owners.
When Thompson put his team on the block (TIME, Jan. 17), Philadelphia Politician Jim Clark scurried among the city's bankers and businessmen. One hundred of them subscribed $3,000 each, paid off Thompson and banked $50,000 as working capital. Clark's first job as an Eagle: going off to Chicago, where the National League and the All-America Conference meet this week to try to settle their three-year-old pro football civil war.
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