DailyTimeCapsule brief
August 11, 1972
On August 11, 1972, the National Basketball Association (NBA) approved the sale of the Chicago Bulls, a significant decision in the sports landscape as the team was a budding franchise in the league. This news came amidst the United States' involvement in the Vietnam War, with renewed bombing campaigns escalating the conflict's costs by an additional $1.1 billion, highlighting the ongoing struggle and financial burden of wartime expenditures. Domestically, political developments included Wagner's support for McGovern in the state, signaling the Democratic Party's efforts to gain traction in the upcoming presidential election against the backdrop of a divided political landscape, one that was increasingly influenced by anti-war sentiments and calls for change.
Key developments
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On August 10, the NBA officially approved the sale of the Chicago Bulls basketball team for a staggering $5.1 million to a 10-member ownership group. This sale included notable businessman A.M. Wirtz, which showcased the intersection of sports and commercial interests. The transaction marked a significant moment in the history of the franchise, setting the stage for future growth and development within the league.
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On August 11, 1972, former New York City Mayor Robert F. Wagner was appointed as the New York State Chairman for Senator George McGovern's election campaign. Wagner accepted this important role following a pivotal phone call with McGovern on August 10, signaling a strategic shift in the campaign's leadership in New York. This change aimed to leverage Wagner's political experience and connections to enhance McGovern's standing in a crucial state during the election.
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Renewed Bombing Adds $1.1‐Billion to War's Cost