Leonard Tose died - Good lesson to be learned!
 

The Lesson is Don't Gamble Your Fortune Away!

Philadelphia Eagles Owner Leonard Tose Dies at 88

http://us.news2.yimg.com/us.yimg.com...t_tose_px4.jpg

PHILADELPHIA - Leonard Tose, a former Philadelphia Eagles (news) owner and jet-setter who gambled away his fortune, died Tuesday at 88.

Tose died in his sleep in the hospice wing of St. Agnes Medical Center in Philadelphia, former Eagles general manager Jim Murray said.

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 professional sports franchise.

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

Tose flew to Eagles home games in a helicopter, was married aboard the liner Queen Elizabeth 2 and fed reporters filet mignon and shrimp cocktail.

Former Philadelphia Inquirer sports editor Frank Dolson once wrote: "Some people collect stamps for a hobby. Others buy antiques. Tose's hobby is spending money."

Many of his spending sprees were for good causes.

Tose was the driving force behind the Ronald McDonald House program, which provides families a place to live while their children are in the hospital. He also bankrolled the Eagles Fly for Leukemia program.

But 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 1999, he told a congressional hearing on compulsive gambling that his losses totaled $40 million to $50 million.

"I made every mistake you can make," he told The Philadelphia Inquirer in April 2002. "I sit here and think of all the mistakes I made. You'd need a big book to put them all in."

Tose unsuccessfully sued Atlantic City's Sands Hotel & Casino, claiming he was encouraged to drink while gambling and lost $10 million while drunk.

He was married five times and had one daughter, who served as a vice president of the Eagles when her father owned the team.

that is an amazing riches to rags story.

The funny thing over the years was he sued the Sands Casino claiming they encouraged customers to drink so they would gamble and lose their money.

No shit Sherlock.

:1orglaugh

makes you wonder though, would you rather go through life never getting what you wanted.. or getting it, only to lose it.

I don't know which would be worse.

It's better to have tasted that honey pot then never even coming close.

I wish they'd encourage you to drink in the casinos in Ontario. I went to the one in Sarnia and they wouldn't even let us in because we were drunk. Fucking idiots. Nothing quite as humiliating as being told to leave by a 20 year old female security guard.

you guys must have been a bunch of loud sloppy drunks to get kicked out a casino - they were probably afraid you'd blow chunks on the roulette wheel

Not at all. We drove up in a cab, were quiet and could walk, even had a sober chick with us.

The only thing that gave us away was my beet red face from my high blood pressure, the smell of the booze, and the red, watery eyes on my one friend that was stoned.

They actually have an 8 drink MAXIMUM limit at this casino. They were asking everyone that was in line if they had been drinking before they entered. I guess it is their policy after a certain time of night to ask.

So basically, never go to the Sarnia casino, it is a bag of shit and should be burned to the ground.

Here's my one friend that was stoned... picture taken earlier that same day.

http://www.mnsi.net/~jbabcock/carruth.jpg

How could anyone say no to such a happy fellow?