AAF files for Chapter 7 Bankruptcy
The Alliance of American Football is officially done after 8 weeks. Tom Dundon saved the league by injected $250 million into the AAF. It now looks Tom has pulled his funds and the AAF will need to file for Bankruptcy.
According to the bankruptcy filing, the Alliance of American Football league is claiming to have $11.3 million and liabilities of $48.3 million. They also claim to only have $536,160.68 in cash on hand.
I hope the XFL is taking notes. This can very well be the XFL next year when they relaunch their league.