AAF missed payroll, receives $250 mil investment from NHL team owner
SAN ANTONIO (KTSA News) — The owner of the NHL’s Carolina Hurricanes is coming in to help out the Alliance of American Football.
Yes, financial help. And yes, that new football league everyone is raving about.
The Athletic reported Monday the league was in desperate need of a financial infusion just after its first week of play in a hope to make payroll last Friday.
The league missed payday, telling employees it was an administrative glitch, according to The Action Network’s Darren Rovell. Everyone was paid by Tuesday.
The help arrived with a $250 million investment from Hurricanes owner Tom Dundon, who is expected to be named the league’s new chairman Tuesday. That investment is large enough to effectively buy the league.
The Alliance has seen a lot of success in its first couple weeks of play with rave reviews from critics, strong debut ratings on CBS and big attendance numbers in San Antonio.
It’s not clear how long this latest investment will last the league.