The Arena Football League announced Wednesday that it filed for Chapter 7 bankruptcy and is ceasing operations.
In October, the AFL announced it was shutting down all six of its teams but stated at the time that it hoped to resume operations at a later date. One of the issues facing the Arena Football League was a multimillion-dollar lawsuit filed against it by former insurance provider National Union Fire Insurance Company.
Arena Football League Reportedly on Brink of Folding As It Closes Local Operations https://t.co/kI1nKOcvCK
— SportsGossip.com (@sportsgossip) October 30, 2019
The Arena Football League held its final season from April through August and culminated in the Albany Empire beating the Philadelphia Soul for the 2019 championship.
Flip the Page to see their Statement: