Arena Football League Closes Shop After 30-Plus Years
The Arena Football League is no more.
After more than three decades, the league is ceasing operations. It filed for Chapter 7 bankruptcy on Wednesday after suspending local business operations in October.
“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,” AFL commissioner Randall Boe said. “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.”
After more than three decades, the league is ceasing operations. It filed for Chapter 7 bankruptcy on Wednesday after suspending local business operations in October.
“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,” AFL commissioner Randall Boe said. “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.”