April 22, 1961

According to Tribune reporter Scotty Stirling, the Raiders were planning to expand the ownership group to include 12 to 15 limited partners. These partners, some of whom might already have been selected, would have no voting or management power, and would simply be investors. According to Stirling, the plan had been under consideration for a while.

The unnamed source for the story, who seemed to be at least one step removed from the team, said, “It would appear the move not only gives the club fresh capital for the coming season, but indicates a faith in the Raiders and the AFL by local investors.”

Oakland Tribune

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