AAF files for bankruptcy, documents show massive debt owed by the league
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: