In 1931, Philadelphia's representative in the National Football League, the Frankford Yellow Jackets, went bankrupt and ceased operations midway through the season. After more than a year searching for a suitable replacement, the NFL awarded its dormant Philadelphia franchise to a syndicate headed by former Yellow Jackets owners Bert Bell and Lud Wray, in exchange for an entry fee of $2,500. Drawing their inspiration for their name from the insignia of the centerpiece of President Franklin D. Roosevelt's New Deal, the National Recovery Act, Bell and Wray named the new franchise the Philadelphia Eagles. (Neither the Eagles nor the NFL officially regard the two franchises as the same, citing the aforementioned period of dormancy: some observers, however, believe the two teams should be treated as one.) The new team played its first game on November 12, 1933, against the Chicago Bears at Soldier Field in Chicago. The game ended in a 3-3 tie. The Eagles struggled over the course of their first decade, enduring repeated losing seasons. -NFL.com