Wednesday, August 05, 2009

Arena Football League shuts down

The Arena Football League has shut down, this time indefinitely.

The league, which previously called off play for the 2009 season but had said it planned to return in 2010, sent a terse, one-paragraph statement to its teams late Tuesday announcing it had suspended operations.

The statement said the AFL's board had been "unable to reach any consensus on restructuring the league over the past eight months."

The 22-year-old indoor league had lost its commissioner and two teams since the end of last season. It reached a new agreement with its players this year, but that wasn't sufficient to persuade enough AFL owners that the league could return to profitability.

The AFL's board said "there are no other viable options available to the league right now."

The league is likely to file for Chapter 7 bankruptcy.

Some AFL owners remain optimistic that the league can return in some form in 2010, perhaps in conjunction with the af2 league, an AFL offshoot that remains in business.

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