Yahoo Finance Arena Football League ceases operations and files for bankruptcy
The Arena Football League is no more. After weeks of uncertainty, the league filed for Chapter 7 bankruptcy Wednesday.
In a statement, Arena Football League commissioner Randall Boe said the league was disappointed it couldn’t figure out a solution for next season.
The Arena Football League has issued the following statement. pic.twitter.com/sFTtdAWRQV
— Arena Football League (@OfficialAFL) November 27, 2019
While the Arena Football League had been around for over 30 years, the league went through hardships throughout its run. The 2009 season was cancelled as the league tried to regroup. Teams had a hard time staying in the league, leading to plenty of turnover.
Only four teams took part in the 2018 season. The league was able to add two expansion teams in 2019, but that wasn’t enough to save it. Following the 2019 season, the league closed down to re-evaluate its business model.
After weeks of looking at its options, the league decided filing for bankruptcy was the best course of action.
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Chris Cwik is a writer for Yahoo Sports. Have a tip? Email him at christophercwik@yahoo.com or follow him on Twitter! Follow @Chris_Cwik
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