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XFL Rival AAF Officially Done, League Files For Bankruptcy

The time is officially here AAF fans. The Alliance of American Football has filed for Chapter 7 bankruptcy. Putting the final nail in the coffin for a direct competitor to the XFL. This after only eight weeks of games and a promise of $250 million in financial backing by NHL Carolina Hurricanes owner Tom Dundon. They suspended operations earlier this month when Dundon pulled out of the league effectively leaving it no choice but to close its doors.

Front Office Sports reported the AAF filed for bankruptcy in the following tweet.

The AAF is claiming assets of $11.3 million and liabilities of $48.3 million. As for actual cash in the bank, the league has a total of just $536,160.68.

The league’s trouble started before its first kick off when former USFL player Reggie Fowler, who was the AAF’s primary investor. Did not come through on a $28 million payment in December of 2018. We reported that WWE Chairman and CEO Vince McMahon declined an offered by the AAF to merge with the XFL in late December of 2018. XFL Chairman and CEO Oliver Luck was asked about any knowledge of a conversation about a merger, and he said no.

Hurricanes owner Tom Dundon then came aboard as the primary investor He gave $250 million in funding and became the league’s chairman. The extra capital still could not make it work as the AAF was reportedly losing $10 million per week.

XFL News Hub reported less than a month ago that Dundon said “If the players union is not going to give us young players, we can’t be a development league. We are looking at our options, one of which is discontinuing the league.”

AAF Offical Statement On Folding

The XFL kicks off in 2020 on Saturday, February 8 and Sunday, February 9.

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Mark Perry, a passionate sports journalist and the founder and editor of XFL News Hub, has been at the forefront of covering the XFL since its revival in 2018. Within days of the XFL's announced return, Mark initiated XFL News Hub to keep the fans abreast of every detail, game, and development of the league. Mark's extensive knowledge of the sport, combined with his unwavering dedication to providing comprehensive and accurate reporting, has made XFL News Hub the go-to platform for all things related to the XFL. His work over the years has brought him recognition in the world of sports journalism, solidifying his place as a leading voice in XFL coverage. Beyond just reporting, Mark believes in fostering a community around the XFL, engaging fans through his innovative content and discussions. If you have any inquiries, comments, or insights you'd like to share, Mark welcomes you to contact him directly at mark.perry@xflnewshub.com.

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