The Athletics repair job is well done - slight color difference but I'm not sure I would have really noticed without the call out.
Addressing a few of the earlier comments... The Fighting Irish pennant does have a Green Mountain Studios tag (can faintly see it in in pic below middle tassels).
For reference, the unnegotiated quote that I received to repair it was $600, which includes stitching to a mat (defrays some costs of overall framing). The guy is a textile restoration expert who predominantly does work for museums.
I don't necessarily see how having a pennant professionally restored would devalue it, as a key part of professional restoration is having the ability to remove what was added on, but definitely agree it's a cost vs. benefit exercise. The ideas of playing around with the underlying background are good and seem like the best option for my particular situation - it does have some "character" in its current state.
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