Alliance officially out of business, files for bankruptcy

SAN ANTONIO (AP) — The Alliance of American Football is officially out of business.
The eight-team league that folded after eight games of its initial season ceased all business operations and filed for bankruptcy Wednesday.
“The AAF is committed to ensuring that our bankruptcy proceeds in an efficient and orderly manner,” the league said in a statement. “Pursuant to the bankruptcy laws, a trustee will be empowered to resolve all matters related to the AAF’s remaining assets and liabilities, including ongoing matters related to player contracts.”
Founded by Pro Football Hall of Fame executive Bill Polian and TV/film producer Charlie Ebersol, the AAF was hoping to become a developmental league.
However, a few weeks after Carolina Hurricanes owner Tom Dundon became the Alliance’s majority owner, he shut it down, citing an inability to reach agreement with the NFL players’ union on the availability of players.

North East ISD: AAF owes us $47k in unpaid rent

SHARE

RELATED CONTENT

Texas House passes bill to stop surprise medical billing Police look at whether transgender women’s deaths connected ‘Chick-fil-A’ bill reignites LGBT opposition in Texas Texas House Oks school safety bill after mass shooting Texas Walmart stores hire thousands of Veterans Did the Texas Legislature accidentally imperil billions of dollars in business taxes?
Comments