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The Chip Board Archive 08

Leonard Tose passes away..

Former Philadelphia Eagles owner and jet-setter who gambled away his fortune, died Tuesday, April 15th. He was 86.

Tose, who made his fortune in the trucking business, once estimated he lost as much as $50 million gambling. He spent his last years alone in a downtown hotel room.

He bought the Eagles in 1969 for $16.15 million, then a record for a professionl sports franchise.

In 1976, Tose lured Dick Vermeil from UCLA to coach the hapless Eagles, at team with only one wining season from 1962 to 1975. Vermeil's 1980 team went to the Super Bowl, but lost to the Oakland Raiders.

Tose flew to Eagles home games in a helicopter, was married aboard the QE2 and fed reporters filet mignon and shrimp cocktails.

Gambling debts forced Tose to sell the team to Norman Braman in 1985. On his 81st birthday, in 1996, Tose was evicted from his seven bedroom Main Line mansion after losing it in a U.S. marshal's sale.

In 1989, he told a congressional hearing on compulsive gambling that his losses totaled $40 to $50 million.

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Leonard Tose passes away..
Didn't he sue an AC casino?
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