USFL acquired by San Diego businessman

USFL acquired by San Diego businessman

Published Apr. 3, 2012 9:06 a.m. ET

Jamie Cuadra has acquired the USFL brand, and the San Diego entreprenuer hopes to have an eight-team spring league with franchises in non-NFL cities by 2013, according to the San Diego Union-Tribune.

Cuadra, 52, is the chief financial officer for Umani Seafood, and will headquarter the league out of San Diego. The goal is a 14-game regular-season schedule with two playoff games and a title game. Cuadra hired former Chargers COO Jim Steeg, who formally was in charge of the Super Bowl and special events for the NFL.

"I like the idea a lot," Steeg told the paper. "I haven't talked to anyone who thinks the idea sucks. If you truly believe a triple-A spring football league has merit, this is the way to go. It's not meant to compete with the NFL. It will give players the opportunity to develop. There are 3,000 football players and only 1,800 roster spots in the NFL. Particularly with the NFL's new CBA, I think this kind of thing has a different place."

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