Quote:
Originally Posted by esquire
So does Dundon basically own the AAF now? I mean, $250 million is a lot... how much can the league even be worth?
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Dundon becomes primary investor and chairman of board, so....yes?
I imagine the league is now worth $250M judging by Dundon's injection.
Quote:
Originally Posted by Hackslack
2 weeks in and the AAF needs to be bailed out.
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This is a weird bad news/good news story. Nobody simply comes up with $250M out of the blue on only a week or two of due diliegence. If I had to bet i'd say the AAF had Dundon lined up for a while and he needed proof of concept (ie, games being played) before committing funding. Either way, $250M covers player salaries for at least a few years in and of itself, so the league continues operating for the time being.
There are rumours that AAF missed payroll on Week 1 and blamed it on an administrative/technical problem. So...doesn't seem great, but money in is money in at this point.