Math problem
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The Chicago Bears were purchased by George Halas for $100 in 1920. The transaction took place in the show room of a car dealership in Canton, Ohio, where the original NFL franchises were parceled out, and Halas later said he doubted there was actually $100 total present in the room at the time.
In October 2024 dollars per the government’s CPI calculator, $100 1920 dollars is equal to $1,635.56.
The Bears’ franchise is currently valued at $6.4 billion per Forbes.
The Bears are owned by Virginia Halas McCaskey, George Halas’s eldest child. She will turn 102 next month. She has 11 children and 40+ grandchildren and great-grandchildren, all of whom I suppose have what in a Victorian novel would be referred to as “an expectancy.”
Quiz question: What has been the average annual return in real dollars on George Halas’s initial investment?