Business: In Deep Water

Rumors have been circulating for nearly a year that Millionaire Jerry Wolman's financial empire is on the verge of crumbling. Last week in Philadelphia. 40-year-old Wolman, onetime boy wonder of the construction industry and still the owner of 52% of the National Football League's Philadelphia Eagles, admitted that he is indeed in big trouble. Stung by the morning Inquirer's speculating on his finances, Wolman called a press conference at the unusual hour of 8:30 a.m., presumably to give the more friendly afternoon Bulletin his side of the story. He announced that he lost $15.5 million recently, that bankruptcy "could come at...

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