The NFL has its concussion problems. The United Football League (UFL) is just trying to generate enough interest in its product to survive. One person who is growing very impatient with the UFL is Dallas Mavericks owner, Mark Cuban.
Cuban, through his company HDNET, LLC, filed a Complaint against William Hambrecht, an investor in the UFL and owner of the Las Vegas Locomotives (a UFL team). HDNET invested $5 million into the UFL in return for the UFL’s promise to pay back that loan plus 1% interest on it on October 6, 2010. HDNET agreed to extend the deadline to December 1, 2010 in return for an interest rate of 15% per annum up until the new deadline. HDNET still has not been paid the money plus interest that it is owed. Read more “United Football League Blamed For Breaching Promissory Note”