A year later, he took over George McKibben & Son, a bankrupt Brooklyn bookbinding manufacturer, which he turned into a profitable business.
Following the June 1966 announcement of the merger of the American Football League and the National Football League, on August 25 Sam Schulman and fellow Los Angeles businessman Eugene V. Klein headed a group of minority partners who purchased the San Diego Chargers for $10 million, at the time, a record price for an NFL franchise.
He ran the team until 1983 when he sold the franchise to Seattle media and entertainment company executive Barry Ackerley.
The ruling led to a revision of the NBA policy and opened the draft potential for many future young players.
[1][4] Sam Schulman received the Pillar of Achievement award from the Southern California Jewish Hall of Fame.