The Arena Football League announced that it has filed for Chapter 7 bankruptcy and is fully ceasing its operations.
The AFL began in 1987 and had six teams remaining: Philadelphia, Baltimore, Albany, Atlantic City, Washington and Columbus.
https://twitter.com/OfficialAFL/status/1199845166770802689
STATEMENT FROM ARENA FOOTBALL LEAGUE COMMISSIONER RANDALL BOE
The Arena Football League (AFL) announced today it has filed for Chapter 7 bankruptcy and is fully ceasing operations. AFL Commissioner Randall Boe said, “We’re all disappointed that we couldn’t find a way forward and we wanted to thank our fans, our players, coaches, everyone who loved the Arena Football League. We all love the game and tried very hard to make it successful, but we simply weren’t able to raise the capital necessary to grow the League, resolve the substantial legacy liabilities and make it financially viable.”
The League suspended local business operations in October and had been evaluating potential strategic operations before making the decision to suspend operations. Refunds are being processed and should be completed in a few weeks. We are thankful for the fans, athletes, coaches, personnel, partners, sponsors and many others over the years who poured immense passion into the League.
