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SBD/February 19, 2013/Leagues and Governing Bodies
USFL CEO Cuadra Discusses League's Plans, Hopes To Cooperate With NFL
Published February 19, 2013
FOUNDING FIVE: Cuadra's company, EndZone Sports Management, acquired the USFL name “some 18 months ago,” and now, with a "large real estate developer aboard, the league is about to finalize paperwork with its first five franchises, some to be based in new stadia the league will build at a cost as high” as $500M each. Each stadium will have a seating capacity of “about 25,000, and in most cases will be part of a larger real estate plan that includes commercial space.” Cuadra was “reluctant to name charter cities." But he said, "There are markets right now in ... Southern California, Texas, Louisiana, Alabama ... and we are very, very far along with a team in Ohio.” He also said that a team in Hartford “could play at Rentschler Field.” Cuadra said that the league’s “master plan calls for all teams to be sold to individual investors.” The “price of ownership” is $1M per team. On top of seed money, USFL owners "must prove" they have another $6.5M "in ready cash to run the team each year.” Cuadra said that ideally the USFL will “evolve in three or four years to a 16-team league, playing almost exclusively in cities” without NFL or MLB clubs (BOSTON GLOBE, 2/17).