- Associated Press - Wednesday, November 10, 2010

OMAHA, Neb. | The football league created to give players a second chance at professional football is doing the same thing for coach Joe Moglia, who will lead the United Football League’s new Virginia Destroyers franchise next fall.

Moglia, who is chairman of online brokerage TD Ameritrade, is getting a chance to revive his coaching career with the UFL.

“It’s been a little bit of a dream,” Moglia said about landing the job.

Moglia coached football for 16 years and served as Dartmouth College’s defensive coordinator before joining the business world. He worked his way up to the top of Ameritrade before retiring from the CEO job in 2008.

Moglia has spent the last two seasons volunteering with the University of Nebraska to bolster his football resume. Moglia offered career counseling and leadership advice to Nebraska’s players in return for the opportunity to learn from the coaches.

Nebraska coach Bo Pelini said he has learned a great deal about how to run a football team from Moglia. Pelini said he thinks Moglia’s leadership and organization skills will serve him well as a head coach.

“He’s intelligent, he knows football and will do a great job with running the football team,” Pelini said.

Last year, Moglia was a finalist for the U.S. Olympic Committee’s top job and for the football coaching vacancy at Princeton — but didn’t land either job.

Moglia got to know UFL commissioner Michael Huyghue after the league announced the Omaha Nighthawks franchise earlier this year. Moglia said those conversations with Huyghue, not an investment in the Virginia franchise, led to the coaching job.

Pelini gives UFL officials credit for making an unconventional hire and giving Moglia a shot.

“He has football knowledge, and running a football team and running a corporation, I don’t think it’s a whole heck of a lot different,” Pelini said.

Moglia plans to remain chairman of Omaha-based TD Ameritrade after he starts as Virginia’s coach in January. He also plans to continue working with the Nebraska football team through its bowl game.

The UFL is a league for players who might have been cut in NFL training camps and veterans who want to return to the NFL. Moglia said he’s grateful for the opportunity to coach in a league that features former NFL head coaches Jim Haslett, Jim Fassel and Dennis Green.

“They’ve really done a tremendous job of putting a great product on the field, and I’m in great company,” Moglia said.

The United Football League currently has five teams, but it plans to expand to eight next season. The league also has backing from some wealthy investors, including Dallas Mavericks owner Mark Cuban, and could gain significant exposure if there’s an NFL lockout next year.


AP Sports Writer Eric Olson contributed to this report.


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