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Report: UFL wants NFL to invest
Posted by Michael David Smith on March 19, 2010 1:10 PM ET
Last month we mentioned that rumors were flying in the pro football world that the NFL recently tried to buy the UFL. The NFL denied that it had done so.
Today Chris Mortensen of ESPN has a report saying that the UFL wants the NFL to become an investor.
According to Mortensen, the latest proposal from the UFL is to sell a 30 percent stake to the NFL. But that proposal has not reached a point where it will be discussed at next week's NFL owners' meeting.
Mortensen writes that sources disagree on whether a deal is likely or not.
Although Mortensen writes that there's no word on how much the UFL would expect the NFL to pay for a 30 percent stake, the rumors we passed along last month were that the NFL offered $50 million for 51 percent of the one-year-old minor league, and the UFL responded by offering 49 percent for $49 million.
NFL spokesman Greg Aiello, who said last month that the rumor of the NFL trying to buy the UFL was "flat wrong," told Mortensen, "We decline to comment."
Posted by Michael David Smith on March 19, 2010 1:10 PM ET
Last month we mentioned that rumors were flying in the pro football world that the NFL recently tried to buy the UFL. The NFL denied that it had done so.
Today Chris Mortensen of ESPN has a report saying that the UFL wants the NFL to become an investor.
According to Mortensen, the latest proposal from the UFL is to sell a 30 percent stake to the NFL. But that proposal has not reached a point where it will be discussed at next week's NFL owners' meeting.
Mortensen writes that sources disagree on whether a deal is likely or not.
Although Mortensen writes that there's no word on how much the UFL would expect the NFL to pay for a 30 percent stake, the rumors we passed along last month were that the NFL offered $50 million for 51 percent of the one-year-old minor league, and the UFL responded by offering 49 percent for $49 million.
NFL spokesman Greg Aiello, who said last month that the rumor of the NFL trying to buy the UFL was "flat wrong," told Mortensen, "We decline to comment."