According to several reports, the Alliance of American Football will suspend operations beginning today.
The move comes in the aftermath of comments from Tom Dundon, who became majority owner of the AAF several weeks ago. Dundon committed $250 million in funding to the league, but he had the ability to pull funding, and he obviously has. According to Darren Rovell, Dundon will be losing right around $70 million on the investment:
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.
The season was scheduled to run through the last week of April, when the league championship is scheduled to take place. The regular season is set to run through April 14.
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