 Schulman would be the active partner, serving as president of the basketball team and head of operations.Prior to this, Klein and Schulman had already made a major investment in sports following the June 1966 announcement of the merger of the American Football League and the National Football League.On August 25 they led a group of investors who purchased the San Diego Chargers for $10 million, at the time, a record price for a National Football League franchise.