'86 USFL: Moving Forward

Event Date: August 6th, 1986**

Event Description: USFL Will Play

Source: Gotham Press Tribune

 USFL to Play 1986 Fall Season Under Argovitz Plan with New Investors

New York, NY – August 6th, 1986 – The United States Football League (USFL) will move forward with its 1986 fall season under a newly approved plan spearheaded by New Jersey Generals co-owner Jerry Argovitz. 

The plan, passed during a decisive league meeting, includes financial backing from investors Carl Icahn and Eddie Einhorn, a streamlined eight-team schedule for 1986, and a vision for league growth in 1987.

The Argovitz Plan focuses on sustainability and strategic expansion to ensure the USFL’s long-term survival following its symbolic $3 antitrust victory against the NFL. 

For 1986, the league will operate with eight core franchises: the New Jersey Generals, Houston Gamblers, Birmingham Stallions, Memphis Showboats, Arizona Outlaws, Baltimore Stars, Tampa Bay Bandits, and Jacksonville Bulls. This leaner approach allows teams to consolidate resources and focus on quality competition.

Jerry Argovitz:
“This plan is about survival today and growth tomorrow. By reducing costs this season and reinvesting capital, we’re positioning the USFL for success in 1987 and beyond.”

Key to the league’s survival is a significant infusion of capital from billionaire Carl Icahn and sports media mogul Eddie Einhorn, who have pledged $60 million to stabilize operations and increase league visibility. The funding will cover team expenses, marketing efforts, and preparations for a stronger 1986 campaign.

Carl Icahn:
“This league has real value, and with careful planning, it can capture a larger market share. We’re making the USFL more efficient while keeping the excitement alive for fans.”

Looking ahead, the USFL plans to reinstate two historic markets in 1987, bringing back the Chicago Blitz and the Oakland Invaders. Both cities were vital to the league’s early success and are viewed as essential for expanding its fanbase and television appeal.

Additionally, the league is in active negotiations for a national TV deal in 1987, with the looming threat of a potential NFL players’ strike providing a unique opportunity to attract new viewers and networks.

Eddie Einhorn:
“With a network TV deal, the USFL can reach millions of fans and showcase the exciting talent we already have. The NFL strike could open the door, and we’ll be ready to walk through it.”

Commissioner Harry Usher:
“This is a turning point for our league. With the Argovitz Plan in motion and new capital secured, we’re not just playing football this fall—we’re building a foundation for sustained growth.”

The 1986 USFL season will kick off on November 13, with a March 1987 championship to cap the schedule. Fans can expect a competitive season featuring stars like Herschel Walker, Jim Kelly, and Doug Flutie, as the league looks to prove its resilience and readiness for the future.

more to come......