<P> The NFL was unable to find a buyer for the Texans, and folded the team after the 1952 season . A few months later, the NFL granted a new franchise to a Baltimore - based ownership group headed by Baltimorean Carroll Rosenbloom, and awarded it the remaining assets (including the players) of the failed Texans operation . Rosenbloom named his new team the Baltimore Colts, (after the previous team playing for the city in the competing All - America Football Conference, which merged with the NFL in 1950) </P> <P> The Colts (later based in Indianapolis since 1984) do not claim the history of the earlier Yanks / Bulldogs / Yanks / Texans as their own, even though the Colts' 1953 first roster included many of the previous 1952 Texans . Likewise, the NFL also reckons the new Colts as a 1953 expansion team; it does not consider the Colts to be a continuation of the Yanks / Bulldogs / Yanks / Texans franchise, or even the Dayton Triangles for that matter considering that other franchise's successor, the Brooklyn Dodgers / Tigers, merged with the Yanks in 1945 . As a result, the Texans officially today remain as the last NFL team to permanently cease operations and not be included in the lineage of any current franchise team . </P> <P> Although the NFL rapidly grew more prosperous during the latter part of the 1950s, (especially after the success of "The Greatest Game Ever Played" - the 1958 championship game in old Yankee Stadium between the vaunted New York Giants versus the developing Colts leading to a later profitable nationwide television contract), the fiasco in Dallas left the NFL leery of further expansion . Unable to persuade other NFL owners to reconsider, Texas oil scion Lamar Hunt with others, founded the American Football League as a direct competitor to the older NFL . When Hunt's new Dallas Texans were announced as charter members of the new league, the NFL quickly reconsidered its position on expansion and made a second venture into Dallas in 1960, establishing what would become a more successful and later world - wide famous team, the Dallas Cowboys, briefly known in the beginning as the Dallas Rangers . A minor league baseball team of that same name was expected to disband, but didn't and the "Cowboys" name was later adopted for the NFL team in mid-March 1960 . Both franchises shared the Cotton Bowl (also the home of Southern Methodist University's (SMU) Mustangs) stadium for their first three seasons . The new AFL team moved after winning the 1962 AFL Championship in double overtime and became the Kansas City Chiefs for its fourth season in 1963 . </P> <P> The "Texans" name has since been revived by the NFL for the current Houston Texans, an expansion team in 2002, which replaced the earlier Houston Oilers a charter AFL franchise which moved to Nashville, Tennessee as the renamed Tennessee Titans . </P>

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