 In August 1959, a group of Minneapolis businessmen were awarded a franchise in the new American Football League (AFL).In January 1960, they forfeited their AFL membership and were awarded a 90% stake in the 14th franchise of the NFL (the other 10%, under a decades-old agreement, went to former Duluth Kelleys/Eskimos owner Ole Haugsrud).Though the ownership group had participated in the 1960 American Football League draft before jumping leagues to the NFL, they did not take any of the players they selected in that draft with them.