Arena Football League Throws In Towel, Files For Ch. 7 In Del.

Law360 (December 2, 2019, 5:47 PM EST) -- The Arena Football League has filed for Chapter 7 in the Delaware bankruptcy court with plans to end all operations, saying it is nearly $20 million in the red and completely out of cash.

The bankruptcy petition filed Friday comes a little over a month after the AFL said it was closing down local teams and reconsidering its national operations in the face of a $2.4 million suit over insurance premiums.

“We all love the game and tried very hard to make it successful, but we simply weren’t able to raise the capital necessary to grow the League, resolve the substantial...

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