The USFL is set to host their inaugural championship game this weekend where the Philadelphia Stars will take on the Birmingham Stallions. Although the season isn’t complete just yet, we’ve already started hearing more about the future of the league.
Yesterday is was confirmed that the USFL will be back in 2023, and is working towards expanding to up to four hubs. Now, today we have some more news to dive into.
Josh Kosman of the New York Post reports that FOX and the USFL have hired Allen & Co. to help the league find new minority investors to assist in expansion.
The Fox Sports-owned United States Football League has hired investment bank Allen & Co. to find minority investors to help fund the league’s expansion, three sources with knowledge of the situation said.
The report goes on to say “Fox’s plan is to raise between $150 million and $200 million, two sources said”.