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AAF Files For Bankruptcy



The Alliance of American Football (AAF) has officially filed for bankruptcy
15 days after the league formally suspended operations on April 2nd, cutting it’s inaugural season short only 8 weeks in.

Front Office Sports tweeted out the official filings of bankruptcy:

The league’s creditors who have claims secured by property include MGM Resorts International for $7,000,000, Aramark Sports for $1,831,648 and Silicon Valley Bank for $810,523, according to the documents.

Other parties with unsecured claims include CBS ($5,190,153), CAA ($30,000), Mike Pereira ($60,497.81) and Dean Blandino ($45,000).

Per the report, the following creditors are owed more than $1 million:

MGM Resorts International: $7,000,000

CBS: $5,190,153

swirl | mcgarrybowen: $2,275,602.29

Morgan, Lewis, & Blockius: $2,413,773.57

Aramark Sports: $1,831,648

Arizona State: $1,237,793.82

The AAF issued the following statement on the league filing for bankruptcy, according to Darren Rovell:

Anthony DiMoro is the creator of Sports Rants and the CEO of Elite Rank Media. He is a former Contributor for Forbes and the Huffington Post where he covered sports, social media, and SEO. Anthony formerly hosted the 'Forbes SportsMoney Podcast'.