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Less than two months into its existence, the Alliance of American Football (AAF) is suspending all football operations, according to a report from Action Network’s Darren Rovell.
According to the report from Rovell, new AAF owner Tom Dundon will lose an estimated $70 million of his investment. He made the decision against league co-founders Charlie Ebersol and Bill Polian.
Sources: The AAF will suspend all football operations today. New owner Tom Dundon will lose approximately $70 million on his investment. Dundon makes decision against wishes of league co-founders Charlie Ebersol and Bill Polian.
— Darren Rovell (@darrenrovell) April 2, 2019
Dundon purchased a majority stake in the league in February with a $250 commitment. That came shortly after it was reported that the AAF was unable to make payroll. Dundon was funding the league on a weekly basis.
The league had been in existence for eight weeks. The AAF had an appealing draw for the first few weeks, but interest appears to have trickled off.
Rovell also reported that Dundon did not pay vendors who worked with the AAF and several are still waiting for payment.
Dustin grew up in the heart of Big Ten country and has been in sports media since 2010. He has been covering Big Ten football since 2014. You can follow him on Twitter: @SchutteCFB