In an exclusive column, Joe Nocera writes that the new United Football League aims to line up seven more owners "with Cuban's deep pockets and contrarian mindset"Â so that it can debut with eight teams. Right now, the league is scheduled to play its first pre-season games in August, 2008.
Cuban owns the N.B.A.'s Dallas Mavericks. Undaunted by the monopolistic N.F.L., which has squashed four competitors, he tells Nocera, "There are quite a few good-sized non-N.F.L. cities that can support a pro team."Â So far, the league has picked Los Angeles, Las Vegas and Mexico City. San Antonio and Orlando are among other top markets without N.F.L. teams.
According to United Football League executives, Nocera reports, the new league will emulate the old American Football League - one of whose major characteristics was revenue sharing. Each owner will put up $30 million, worth a half-interest in a team; the league will own the other half. Eventually, the plan envisions that fans will become stakeholders - because each team will sell shares to the public to raise an average of $60 million per franchise. Public ownership will reduce the pricing pressure on the teams, resulting in cheaper tickets all around.
Officials are convinced they can land decent players from the get-go, and better players later on. "The U.F.L. will be able to offer most rookies, who aren't top draft choices, far more money than the N.F.L. would give them,"Â Nocera writes.
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Posted May 30th, 2007 by admin_huliq
This is a great news for me,
This is a great news for me, I have been waiting for too long for this moment to come. Football is a sport that needs competition, that's why I think it's important to encourage the new teams to emerge.