The Alliance of American Football isn’t even three weeks old, and it has already sold to Tom Dundon for $250 million.
According to Darren Rovell Tuesday morning, Dundon invested $250 million in the league. Rovell said the AAF “essentially sold off the entire league” with this move. This comes right after it was reported by The Athletic that the AAF was already struggling financially, according to Sporting News. (RELATED: San Diego Fleet Quarterback Phillip Nelson Completes No-Look Heave Of A Pass)
BREAKING: After week one, the new football league, the AAF, essentially sold off the entire league to Carolina Hurricanes owner Tom Dundon. Dundon puts in $250 million.
— Darren Rovell (@darrenrovell) February 19, 2019
Just how bad are the finances right now? Rovell also reported that payroll was missed in week one.
The AAF missed payroll in Week 1. They told agents that it was a glitch with switching to a new administrator. They told players would be paid by today the latest.
— Darren Rovell (@darrenrovell) February 19, 2019
How are things this bad with the AAF that the league had to pretty much get sold less than a month into the season?
The TV ratings for the games have been solid, the level of play has been more than enough and the league is apparently still in major trouble.
I just don’t get it. There’s nothing on the surface that has appeared to indicate there are any problems at all.
The pro football league The AAF has officially started, and a QB almost got beheaded in the first game. pic.twitter.com/bL6e6Y78Uz
— David Hookstead (@dhookstead) February 10, 2019
I really hope the AAF gets its stuff together because I’ve really been enjoying it through the first two weeks.
I’d hate to watch it crash and burn. We need football all year, and the AAF is supposed to fill that void.
They’re throwing no-look passes in the AAF
(via @CBSSports) pic.twitter.com/WhEzfWzlPO
— SportsCenter (@SportsCenter) February 18, 2019
Get it together, AAF! We can’t have this league shut down. I’m already too attached.