Born in New York City, most of Schulman’s life was lived on the opposite coast. His companies provided backing money for Hollywood films, but he himself was rarely credited. Some thought he just wanted to avoid the spotlight, but a man with that desire would not have done what Schulman did in 1955, when he and Eugene V. Klein headed a investment syndicate that bought the San Diego Chargers NFL team, and again later that year when the pair led another group of investors who won the NBA franchise for Seattle, which led to them forming the Seattle SuperSonics.
Schulman would remain president and part-owner of the SuperSonics until 1983, when he sold them on. He would live another twenty years, dying at the age of 93.
