AAF Needed $250 Million Investment to Avoid Missing Payroll

but in week 2? Don't these guys have accountants?

In comment 14299775 jcn56 said:

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but in week 2? Don't these guys have accountants?

Yeah no shit...I was shocked to read that.

In comment 14299775 jcn56 said:

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but in week 2? Don't these guys have accountants?

Maybe their run by the folks who threw Fyre Festival?

Yikes.

In comment 14299787 arcarsenal said:

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Yikes.

The good news is I bet the Memphis Express who drew less than 9k move to Raleigh next year!

In comment 14299789 Jints in Carolina said:

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In comment 14299787 arcarsenal said: Quote: Yikes. The good news is I bet the Memphis Express who drew less than 9k move to Raleigh next year!

You'd probably get 50 yard line seats right near the field with ease!

In comment 14299775 jcn56 said:

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but in week 2? Don't these guys have accountants?

Accountants? Who the hell is the CFO? This guy needs to be replaced. How does he sign off on a launch of a product when funding will run out the second week after launch? The accountants just record the transactions.

opened up a couple tanning salons in New Jersey.

questioned. But do they have internal auditors at this point? Because they should have deemed this venture non viable. It is not a going concern if they need $250 mil after the second week to make payroll. And still in the end they would report to the CFO.

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I would be shocked if the Atlanta franchise was around next year. I guess it will make it through the year. But then again, based on this news, maybe not.

The team is a mess, with the HC quitting before the season started.

They are playing in a stadium (former Braves stadium) that was never particularly well liked. It's a bit difficult to access. No public transportation to the stadium.

Aaron Murray isn't starting. They need to play former UGA players to attract a crowd. Nobody in Atlanta gives a crap about Matt Simms.

They are competing against Atlanta United MLS, which is absolutely huge in Atlanta. Home opener for Atlanta United is March 10 (vamos).

AAF is toast in Atlanta. Nobody is going to attend. I watched most of the first game and quickly decided I wasn't buying tickets.

In comment 14299826 Jints in Carolina said:

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Agreed

The league does not survive year 1 without additional major funding.

But the stadiums were mostly empty. Maybe moving some of the teams closer to bigger markets. Here in NY the closest team is 850 miles away

In comment 14299864 RobCrossRiver56 said:

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But the stadiums were mostly empty. Maybe moving some of the teams closer to bigger markets. Here in NY the closest team is 850 miles away

I couldn't find the games this past weekend. I didn't feel like asking Alexa or typing it in my phone, and my life went on.

(forgot where) that said that prices for attending games were at an NFL level. From concessions to parking to ticket prices they were pretty expensive. That's not the way to attract people to a minor league game.

In comment 14299920 Gman11 said:

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(forgot where) that said that prices for attending games were at an NFL level. From concessions to parking to ticket prices they were pretty expensive. That's not the way to attract people to a minor league game.

I went on the website last week for shits and giggles to look at ticket prices. I was dumbfounded. 100 bucks a ticket for good seats.

tells me this headline / story is a little BS. I wouldn't be the list bit surprised if the 250 mil investment was already negotiated and known about, the Carolina Hurricanes owner basically committed to be an investor but had a fail safe in place in case the league bombed out the gate. Basically if no one showed up and viewership was nil the league may have folded after week one, but since ratings were solid the investment was made to keep the league rolling. No one is that much of an idiot that they can't project a week out in advance to know they are going to go bankrupt. That's just lunacy when you have such big players / TV deals in place.

In comment 14299824 bradshaw44 said:

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questioned. But do they have internal auditors at this point? Because they should have deemed this venture non viable. It is not a going concern if they need $250 mil after the second week to make payroll. And still in the end they would report to the CFO.

Why would the AAF have internal auditors, and why would internal auditors have been the ones who should have noted there was not enough money to run the league for more than two weeks?

you say we can make more money if the AAF is a flop after 2 weeks instead of a hit?

For years now I have thought Bill Polian to be a complete and utter moron. Everytime he opens up his mouth I can't believe that this tool was once upon a time a respected and succesful GM.

The AAF is his baby. Being the degenerate football junkie I am I have watched most of the games and actually liked this weeks games. However I am not at all surprised that something Bill Polian is the founder or and CEO of is immediately and shockingly in trouble.

250 million? in week 2? Hilarious. Only a schmuck like Polian would get into such financial trouble so early.

And it was pretty good football, and an exciting game...a good watch. However, I think the fact you can only rush 5 against the QB is so dumb and negatively impacts the product.

Just because they took $250 mil, doesn't mean that they needed that much money.

I read that players earn 75k a year.

50 players on a team, 8 teams. That comes to 30 mil for the entire payroll for the league for the year for the players.
Coaches and other staff will add to that figure, but not likely to the tune of $220 mil.

Please correct me if I have something wrong.

Steve in greenwich said

Until 2 days ago when it was reported that Kapernick wants 100 million to play in the league...?

This post.

The XFL is the one I felt comfortable with giving a chance as at least it has had some solid planning and marketing already. This other one sounds like a beer league w former blow hards or divas coaching.

These idiot meathead sports people who think 2 mediocre startup football leagues coming in around the same time is a good idea baffles me.

In comment 14300338 short lease said:

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Until 2 days ago when it was reported that Kapernick wants 100 million to play in the league...?

Sounds like you still haven't heard much about it.

In comment 14300777 Mad Mike said:

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In comment 14300338 short lease said: Quote: Until 2 days ago when it was reported that Kapernick wants 100 million to play in the league...? Sounds like you still haven't heard much about it.

And neither has 99.9% of sports fans apparently. So your sarcasm fail wins the day.

is an attempt by the XFL to smear the league.
Leave it to Vince McMahon to create drama. - ( New Window )