In 1902, Col. John Rogers, owner of the National League's Philadelphia Phillies, decided to bankroll the Philadelphia Athletic Club football team. Upon hearing of this, Wallace approached Ben Shibe of the rival American League's Philadelphia Athletics to see whether the Athletics would be following suit and fielding a football team. Not wanting his rivals to be unchallenged, Shibe decided to form a team with Wallace as the team's player-coach. The Athleticsbaseball manager, Connie Mack, was then named the team's manager. The football Philadelphia Athletics finished the 1902 NFL season with a 5–2–2 record for a controversial second-place finish behind the Pittsburgh Stars. The league then folded immediately after the season.
After the NFL season, Wallace played in the World Series of Football in 1902 at Madison Square Garden. He played on a team that consisted of former players from the football Athletics and the football Philadelphia Phillies of the NFL. The name of their team was simply called the "New York" team by Series organizer, Tom O'Rourke, expected to give his patrons the pleasure of watching a "home team" win. Syracuse defeated Wallace and the "New York" club in what has been called the first indoor pro football game. However Blondy would get a second chance winning the series after Glenn "Pop" Warner of the Syracuse Athletic Club suffered a head injury and was replaced by Wallace. Syracuse would go on to win the series championship by a score of 36-0.
Franklin Athletic Club
In 1903, Bill Prince, the manager of the Franklin Athletic Club, loaded his team with every star football player available. That year, Wallace became the team's captain. That year Franklin posted a 12-0 record and won the 1903 World Series of Football. This accomplishment makes Blondy a winner on both the 1902 and 1903 World Series teams.
Canton Bulldogs
In 1905 Wallace became the second coach of the Canton Athletic Club. That year Wallace, signed an agreement with the Latrobe Athletic Association, led by quarterback John Brallier, to play against Canton in Latrobe. Latrobe, under Brallier, was not only the current Pennsylvania football champion, but were undefeated for the last three seasons. They were also considered the only professional team capable of competing at the same level as Canton and the Massillon Tigers. Canton would go on to lose the game to Latrobe, however the team was the runner-up in the Ohio League standings for the 1905 season. Wallace added four former Massillon players to his team in 1906. That year the Bulldogs was able to win their first game against Massillon, during a 2-game home-and-home series at Canton, however they lost the second game at Massillon, and the Tigers again claimed the Ohio championship. Shortly afterward that second game, a Massillon newspaper charged Wallace with fixing the 1906 championship game. The Bulldogs and Wallace denied the charges, maintaining that Massillon only wanted to ruin the club's reputation before their final game against Latrobe. Wallace later filed a libel lawsuit against the Massillon paper. However, Wallace was in need of money, and the case was reportedly settled out of court.
Wallace later became a bootlegger in Atlantic City. Harry March his 1934 a book titled , which documented the Canton-Massillon betting scandal, called Wallace "The King of the Bootleggers". In 1933 he was convicted of evading income tax payments and sentenced to one year in a federal penitentiary. He was formally accused of evading payment to the government of $4,196.72 in 1929 and $1,953.52 in 1930. He was indicted when books and records from the Egg Harbor Brewery which disclosed, according to the government, income tax evasions in 1929 and 1930.
Death
Wallace died on March 5, 1937 while he was rushed by ambulance to a hospital in Atlantic City. He had suffered from liver problems.
