REPORT: AFL TO CANCEL 2009 SEASON
Posted by Mike Florio on December 10, 2008, 5:47 a.m.
Over the weekend, we reported on rumors that the AFL has plunged into a death spiral.
The rumors are moving closer to the “fact” category.
According to the Rocky Mountain News, the AFL is expected announce by the end of the week that it will suspend operations for the 2009 season. The move comes only days after the AFL released a statement in which the 21-year-old operation said that it is “working on long-term structural improvements.”
As we’d heard it, the collapse of the league, which features teams held by several owners of NFL franchises, was fueled by the expected withdrawal of Platinum Equity’s $100 million investment.
Look for the UFL — if it can find enough people willing and able in the present economy to invest millions in owning a team — to provide a safe haven for some of the AFL’s employees and players. But the UFL will initially have only six teams; the AFL’s suspension of operations will send 16 teams worth of talent onto the market.