After turning down several earlier offers to relocate or sell the team, in December 1940, Rooney sold the Steelers to Alexis Thompson. Thompson was a 26-year-old, Yale-educated heir to a steel fortune and an entrepreneur living in New York. He had aggressively pursued Rooney to sell the franchise for several months prior to the transaction. The purchase price was reported to be $160,000 ($ million today). This price was less than the $225,000 ($ million today) the Detroit Lions had previously sold for, but the Lions had won an NFL championship. The transaction was completed and announced on the same day that the Chicago Bears pummeled the Washington Redskins by a score of 73–0 in the most lopsided NFL championship game of all time.