The NFL is a monopoly professional football league in the United States due to ever attempt in history to start an alternative league to either compete or coexist resulting in failure.
The Alliance of American Football was the latest to try their hand at the job, and backed by a former NFL executive and team chairman Bill Polian and television producer Charlie Ebersol, it seemed like the league was in the right hands.
After posting monster ratings in their debut two weeks ago, the future for the new league looked promising, but it was not pretty behind the scenes.
According to The Action Network‘s Darren Rovell, the league ran out on money after the first week and failed to make payroll, leaving some of it’s players without their Week 1 game checks.
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
In a scramble for funding and to save the league, Polian and Ebersol have reportedly sold essentially the entire company’s stake to Tom Dundon, current owner of Carolina Hurricanes.
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
The AAF will continue it’s inaugural season.