Abandoned by its lead investor, the Alliance of American Football to suspend operations
Posted in: UncategorizedWith its majority stakeholder having decided to take his ball and go home, the Alliance of American Football is suspending operations just 25 days before its inaugural championship game.
Carolina Hurricanes owner Tom Dundon, who in February pledged to invest $250 million in the upstart spring football league, is pulling out of his commitment after paying out some $70 million. In refusing to release any further funds to the AAF, Dundon effectively made it impossible for the league to continue past the eighth week of its inaugural season.
While a formal announcement is expected to be made this afternoon, league insiders have confirmed the suspension. Dundon did not respond to a request for comment.
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