SALT LAKE CITY — The Alliance of American Football is suspending all football operations, according to multiple reports, including Pro Football Talk.
Carolina Hurricanes owner Tom Dundon, who announced his investment of $250 million in February, is pulling his funding, according to The Action Network's Darren Rovell. His total loss would be $70 million. League co-founders Charlie Ebersol and Bill Polian disagree with Dundon's decision, but without his investment the league cannot continue.
That means the eight-team league, including Utah's franchise, the Salt Lake Stallions, will not finish out their inaugural season. The Stallions (3-5) had two games left in the regular season and were still in contention for a playoff spot.
The league, like Major League Soccer, owns all the player contracts.