Standard Progressive Business Practice: UFL Suspends Season, Pelosi's Husband Lacks 'Sufficient Funds' to Pay Players
- Post 22 October 2012
- By Breitbart.com
The United Football League (UFL), which includes a franchise owned by Nancy Pelosi's husband, announced on Saturday it was suspending the remainder of its season because its franchises could not meet their operating costs and pay players and staff.
Paul Pelosi owns one of those franchises -- the Sacramento Mountain Lions -- and many of his players quit the team after Pelosi failed to meet payroll for the second consecutive year.
Pelosi, who is also the spokesman for the UFL ownership group, said in a statement that “because of a lack of sufficient funds due to the high cost of workmen’s compensation insurance and other elements, we are postponing the second half of the season."
We plan to play the balance of the season in the spring, along with the championship game," Pelosi said. "It is our first priority to take care of our players, coaches, and staff, and then to raise sufficient funds to take care of our other obligations and to resume fully financed operations in 2013." ... continues...