AAF files for bankruptcy, documents show massive debt owed by the league
By SDS Staff
Published:
If you have any money to spare, the Alliance of American Football League sure could use it.
The former spring football league that abruptly ended operations a few weeks short of completing its first regular season has recently filed for Chapter 7 bankruptcy and documents show the league has outstanding liabilities close to $50 million with assets of over $11 million available.
While former CEO Tom Dundon pledged to provide $250 million to the league one week into the inaugural season, he was not required to pay that money upfront and after providing around $70 million, the league’s former CEO decided to pull the plug on the AAF.
Without his full investment, the league didn’t stand a chance at surviving.
The AAF’s filings were discovered and shared online by Front Office Sports on Twitter:
Saturday Down South reports and comments on the news around the Southeastern Conference as well as larger college football topics.
