SBD/May 15, 2014/Leagues and Governing Bodies

FXFL Looks To Launch As Developmental Football League In Six Markets

Football leagues come and go, from the USFL to the XFL to the UFL, never able to make a dent in, or a pact with, the NFL. Now arrives the latest -- the Fall Experimental Football League (FXFL) -- which officially announced its launch earlier this month and aims to debut as a developmental league in six cities this fall. The FXFL hopes its timing is ripe, with national concerns over the NCAA amateur model and recent comments from NFL execs about the possible need for a minor league. Medal of Honor Bowl Exec Dir Brian Woods is the league’s founder. He declined to name the league’s investors but said he has raised $10M and has had outreach to the NFL. Woods said the league, set to begin Oct. 1, already has "several investors, and they are from very prominent backgrounds," including a bank exec and a "very wealthy hedge fund manager seeding our first round." Woods noted among the locations for franchises will be N.Y., Portland, Florida, Central Florida, Texas and "somewhere in the Midwest." He added that the league will play an eight-week season on Wednesday nights with 40-man rosters paying each player between $1,250-$1,500 per game. Woods said the league's financial model would be similar to the NBA D-League and MiLB in that it "is not predicated on TV revenue."
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