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If we look at societal Blue Bloods, they are only irrelevant once their current status is so minute as to not even exist. The Vanderbilts still have a university and a large estate in NC. Gettys have a museum. But there are blue bloods of their time period we don't know about because they fell on such hard times as to not even exist any more. But, so long as they have some relevance today, their past blue blood status will always elevate them above where their status should really be.I get it, but at what point, does some form of current success come into play? Michigan, ND and Nebraska have, by and large, not done anything significant in the last quarter century. Yes, I get I'm leaving off the 1997 season with that cut off, but that's a nice round number and the start of the BCS era in 1998. Michigan and ND have three combined titles in the last 50 years(ND two, Michigan one). There isn't anything blue blood about that. And yes, Michigan had great success in 1900's, 1930's and 1940's, same with ND in the 1920's and 1940's. But that was so long ago. If both go another 25 seasons without winning a title, what's it going to matter what they did, at that point, 100-150 years ago? Army and Michigan have the same amount of titles since 1940, and nobody would call Army a blue blood.
Nebraska is the weirdest one to me. By and large, irrelevant for the first 25 years of the AP poll era, and the last 25 years, but in between that, unreal consistency and elite, elite teams.
Carry that over to football, and let's say Yale and Harvard should be blue bloods based on the definition. But, they gave up competitive football and sports, and are so irrelevant today that their past blue blood status doesn't matter.
So, I think I agree with that part of your post where a team could be so irrelevant for so long that their blue blood won't matter. Michigan, ND, and Nebraska still try ... so their blue blood status matters. I don't think Army is blue blood because of their status as an armed service academy.