AAF - Alliance Of American

AAF Files For Chapter 7 Bankruptcy…. Inside details

Written by TrevStone

The Alliance of American Football has officially filed for chapter seven bankruptcy.

A copy of the filing from Front Office Sports shows just how bad the damage is. In all, the AAF had accumulated more than $48 million in liabilities, including more than $38 million in unsecured claims. That is compared to $11.3 million in assets and just over $500,000 in cash on hand. 

A statement from the league read:

“We are deeply disappointed to be taking this action. The AAF was created to be a dynamic, developmental professional football league powered by an unprecedented alliance between players, fans and the game. The AAF strove to create new opportunities for talented players, coaches, executives and officials while providing an exciting experience for fans. We are proud of the fact that our teams and players delivered on that goal.

We thank our players, coaches and employees for their commitment to the game of football and to this venture. Our fans believed in the AAF from the beginning, and we thank them for their support. We are hopeful that our players, coaches and others will find opportunities to pursue their football dreams in the future.”

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TrevStone

Trevor 'TrevStone' Uren founded Pro Sports Extra in 2011 at the age of 13. He's hosted a podcast since 14 years old and continues to grow each month! He's currently 24 years old and has interviewed hundreds of professional athletes, business owners, and others who are shining online! Uren has built Pro Sports Extra to over 5M monthly visitors.