'86 Chronology-Turning Point

Event Date: August 4th, 1986

Event Description: USFL Owners Meeting

Source: Football News

The proposed sale of the New Jersey Generals to Houston Gamblers owner Stephen Ross is expected to be discussed when U.S.F.L. team owners meet at 5 p.m. EDT today in New York, a league source said.

Ross confirmed last week that he was interested in purchasing the Generals from Donald Trump who intends to turn his focus to building a new stadium in New York to replace Shea Stadium. Ross would like to own a USFL team in New York, which is where his business activities are based. 

Trump on the other hand, is proposing to build a new stadium in New York which would in turn house the Generals. Trump was said to be displeased with the on field performance of the Generals this year.

But Houston minority owner Dr. Jerry Argovitz is expected to try and block the proposed sale until he is assured that he can find new investors for the Houston franchise.

Ross asked his attorneys to contact the other owners and inform them of the deal being negotiated with Trump. The asking price for the Generals is rumored to be somewhere between $9 and $15 million dollars.

In other league news; 

Eddie Einhorn has decided that he no longer has any interest in bringing a USFL franchise back to Chicago. 

With Trump seemingly on the way out and a move to fall play a lost cause, Einhorn has decided that the $12 million expansion fee is too high.

Story-(UPI Modified/Alternatehistory)