In May 2010, Speros rejected an overture to buy the United Football League's Florida Tuskers.Author unstated (2010-07-02). Speros envisions a Norfolk pro football team that can be embraced by all of Hampton Roads. Daily Press. Retrieved 2010-07-05. In June 2010 he was named as the owner of the Virginia Destroyers, an expansion team set to begin play in Norfolk, Virginia in 2011. Speros named former Washington Redskins quarterback Doug Williams as the team's general manager. In late August 2010, Speros backed out of negotiations due to multiple flaws in the contracts presented to him as well as the league structure. Speros specifically cited the inability for him to acquire an entire franchise instead of investing in a single-entity league.McMorris, Bill (August 16, 2012). Former NFL head coach Dennis Green sues husband of House minority leader for breach of contract. Washington Free Beacon. Retrieved August 16, 2012. However, Speros said he remained open to purchasing the team if terms changed, and that he continued to support the league's efforts in the region.Fairbank, Dave (2010-08-20). League office to take over prospective UFL franchise; Speros out as owner. Daily Press (Newport News, VA). Retrieved 2010-11-14. Ironically, in January 2011, the league contracted the Tuskers and moved all of its staff to Virginia to form the Destroyers' core; in August 2012, the league contracted the Hartford Colonials and assigned that team's owner, Bill Mayer, as the Destroyers' owner after failing to find an owner to replace Speros.
