Worst business decisions ever. | Bulbagarden
Publish date: 2024-05-01
In August 1984, the USFL voted to move from a spring to a fall schedule in 1986 to compete directly with the NFL. This was done at the urging of New Jersey Generals majority owner Donald Trump and a handful of other owners as a way to force a merger between the leagues. As part of this strategy, the USFL filed an antitrust lawsuit against the National Football League in 1986, and a jury ruled that the NFL had violated anti-monopoly laws. However, in a victory in name only, the USFL was awarded a judgment of just $1, which under antitrust laws, was tripled to $3.[2] This court decision effectively ended the USFL's existence. The league never played its planned 1986 season, and by the time it folded, it had lost over US$163 million (over $389 million in 2021 dollars).ncG1vNJzZmiapaGvorPAq5uepl6jsrV706GpnpmUqHy4u9Gsq2aapai2r7HSrGSdnZOewKq7zaxknq6Vp3tzhZNpbG1n