Four weeks into the UFL's 2012 season, the league has halted play. Hemorrhaging money from unpaid debts leading back to the 2011 season, struggling to pay for the 2012 CBS Sports Network TV deal that costs the UFL 150 thousand per broadcast, and unable to afford the insurance on worker's compensation claims from injured players - the 2012 UFL season concluded abruptly on 10/22/12.

Marty Schottenheimer, former head coach of the Virginia Destroyers, is currently suing the UFL for 2.3 million in back wages. Former Sacramento head coach Dennis Green is suing for 1.5 million in a breach of contract suit seeking back owed wages

The UFL's lagging 2012 attendance hasn't help the league's revenue stream . Las Vegas posted a paid attendance of 601 for their second 2012 home game. The Nighthawks averaged 22,000 attendance per game in 2010, yet 2012's home attendance has fallen to 2,750 per game. The UFL has lost 120 million dollars in 3 seasons.

Las Vegas coach and team president, Jim Fassel, "We have no marketing money, You can have the best hamburger stand in the state but if you don’t have money to advertise that fact, it’s hard to get people to take notice of you.”

Paul F. Pelosi, UFL spokesman and owner of the Sacramento Mountain Lions, “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 obligations and to resume fully-financed operations in 2013. The players and coaches have established a terrific product on the field, 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."

Sources:

Omaha.com

Las Vegas Informer