|
|
Article: Football franchise.(SPORTS BUSINESS)(United Football League received 30 million investment from group of investors)(FLS Inc.)(Brief article)
- Article from:
- Los Angeles Business Journal
- Article date:
- February 16, 2009
- Author:
CopyrightCOPYRIGHT 2009 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The upstart United Football League announced that it received a $30 million 7investment from a group of investors led by Paul Pelosi, the president of San Francisco investment and consulting company FLS Inc.
The cash infusion will allow the league to hold its premiere season in 2009 with four teams playing in seven different cities. Three teams will have dual homes, including the L.A. franchise that also will play in Las Vegas.
The league has scaled back on its goal to begin play in October with eight teams. Instead, it will start play with just four franchises and hopes to expand the next season. The UFL is an outdoor football ...