Alliance of American Football officially out of business, files for bankruptcy
SAN ANTONIO (AP) — The Alliance of American Football is officially out of business.
The eight-team league, which included Utah’s franchise, the Salt Lake Stallions, 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.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Today’s Top Stories
- GoFundMe started to remember 8-year-old girl who died in Kaysville parade
- 8-year-old girl in critical condition after getting injured at Kaysville parade
- Police: Gunman fired more than 70 rounds at July 4 parade
- Police have arrested a ‘person of interest’ after a mass shooting at July 4th…
- Early morning crash on I-15 kills motorcyclist
- Highland Drive open after closing for hours due to fatal crash involving Coke truck
- Fire officials say aerial firework caused brush fire in Saratoga Springs
- UPDATE: Shooting on TRAX platform leaves one dead, one injured
- Former BYU professor charged with 5 more counts of forcible sexual abuse
- Deuel Creek Fire starts in Centerville overnight, evacuation order lifted