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Paul Pelosi's Football Team

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House Speaker's husband buys into NFL alternative.

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Press Association via AP Photo

Normally under the radar, Nancy Pelosi's investor husband, Paul Pelosi, is drawing attention for his latest purchase: a football franchise. Pelosi, a real-estate developer, paid $12 million for the California Redwoods, one of the teams in the United Football League, a new professional football league created to challenge the NFL. Pelosi, 69, whose fortune is estimated somewhere between $28 million and $104 million, has always been careful to make uncontroversial investments and stay out of the limelight to avoid undercutting his wife and her very public political career. Investing in friend Bill Hambrecht’s new league will undoubtedly put the spotlight on Pelosi in a new way. "This is a business. I look at it as a business," Pelosi told The Washington Post. "I'm in this because I think it is a very solid financial investment that is going to be very successful." As far as Nancy goes: "She thinks it's great," he said.

Read it at The Washington Post