Report: AAF tells creditors to stop filing claims, because the now-defunct league has no money
By Adam Spencer
Published:
The Alliance of American Football looked like it just might make it for a couple of weeks after it started. Instead, like every other potential NFL challenger for the past five decades, it flamed out spectacularly.
The league left players stranded without a way to get home and even reportedly stuck some of them with hotel bills after abruptly folding.
Now, the AAF is trying to get its creditors to back off, saying the league has no money to pay back claims, per Sports Business Journal’s Daniel Kaplan:
The Alliance of american Football has no money for creditors and instructed the thousands of them to stop filing claims, the league disclosed in bankruptcy case filing today. Story in @sbjsbd AAF filed for Chapter 7 on April 17
— Daniel Kaplan (@KaplanSportsBiz) April 30, 2019
Sports agent Darren Heitner isn’t impressed, though, responding to the tweet noting financial decisions the league has made recently:
But it was able to pay Charlie Ebersol his final salary check days before filing for bankruptcy and is spending an exorbitant amount of $ on bankruptcy counsel. Just a shame.
— Darren Heitner (@DarrenHeitner) April 30, 2019
What a mess this turned out to be.
Adam is a daily fantasy sports (DFS) and sports betting expert. A 2012 graduate of the University of Missouri, Adam now covers all 16 SEC football teams. He is the director of DFS, evergreen and newsletter content across all Saturday Football brands.
