Did Tom Dundon buy into AAF just for gambling app?

Did Tom Dundon buy into AAF just for gambling app?

Did Tom Dundon buy into AAF just for gambling app?

The Alliance of American Football just wrapped up eight weeks of action and had two games remaining in an inaugural regular season.

An initial report Tuesday from Pro Football Talk indicates that the league will suspend "all football operations within the next few hours".

AAF majority owner Tom Dundon, an National Hockey League team owner who invested heavily in the start-up AAF earlier in the season, stands to lose as much as $70 million.

The AAF just completed Week 8 of its 10-week season. The AAF nearly shut down after the second week until Dundon, the owner NHL's Carolina Panthers, stepped in to pledge a $250 million investment. "But the players, I'm more disappointed for all the players that believe this is my chance to show people and this that and the other that I can play this game".

Founded and led by television producer Charlie Ebersol, the Alliance of American Football is also backed in part by Peter Thiel's Founders Fund, The Chernin Group, and venture capitalist Keith Rabois.

Now, it appears the AAF itself is shuttering for the time being.

"If you were going to design the ideal person to invest in a startup football league, he'd be in his mid-40s, he'd be a self-made American businessman who had ground through the challenges of startup life and somebody who was passionate about football", Ebersol said.

Dundon, one source said, became enamored with the idea of utilizing younger players from the NFL, which, according to the source, ended up becoming a caveat to his investment despite positive discussions but no firm agreement between the AAF and the NFL Player's Association.

However, there were signs of trouble in a league put together in less than one year.

Manziel reacted to the news of the AAF folding on Twitter. Two games were scheduled to air on NFL Network and the Memphis vs. San Antonio matchup was set to air on CBS on Saturday. "We're 7-1 and the next teams are 5-3".

Dundon's apparent decision to effictively shutter the AAF leaves 416 players and thousands of fans holding the short end of the stick, although ticket holders in Orlando must be particularly aggrieved by the sudden turn of events.

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