Started By
Message

AAF reportedly needed emergency $250 million investment

Posted on 2/19/19 at 7:40 am
Posted by FairhopeTider
Fairhope, Alabama
Member since May 2012
20771 posts
Posted on 2/19/19 at 7:40 am


LINK

quote:

The Athletic reports the AAF was forced to look for fresh investment last week to avoid the prospect of missing payroll. Carolina Hurricanes majority owner Tom Dundon stepped in to provide a $250 million commitment. Dundon will now be named the league's new chairman.
Posted by stapuffmarshy
lower 9
Member since Apr 2010
17507 posts
Posted on 2/19/19 at 7:46 am to
Duh. It's garbage. Someone start another thread on how exciting it is though.
Posted by htran90
BC
Member since Dec 2012
30113 posts
Posted on 2/19/19 at 7:49 am to
Aaf and xfl should have joint venture to make a league.
Posted by LSShoe1030
Kenner
Member since Aug 2014
757 posts
Posted on 2/19/19 at 7:59 am to
And Kaep wanted 20 million lol
Posted by TomRollTideRitter
Member since Aug 2016
12618 posts
Posted on 2/19/19 at 7:59 am to
They're paying the players too much
Posted by castorinho
13623 posts
Member since Nov 2010
82041 posts
Posted on 2/19/19 at 8:06 am to
Must be nice.
Posted by TH03
Mogadishu
Member since Dec 2008
171037 posts
Posted on 2/19/19 at 8:07 am to
I walked in there fully prepared to sign a $250 million check
Posted by danfraz
San Antonio TX
Member since Apr 2008
24550 posts
Posted on 2/19/19 at 8:07 am to
quote:

avoid the prospect of missing payroll.


quote:

$250 million commitment


What is it? Week 2?


Mmm that's a good sign.
Posted by wildtigercat93
Member since Jul 2011
112340 posts
Posted on 2/19/19 at 8:10 am to
quote:

I walked in there fully prepared to sign a $250 million check


Are you saying they needed some relief?

Posted by FairhopeTider
Fairhope, Alabama
Member since May 2012
20771 posts
Posted on 2/19/19 at 8:10 am to
quote:

What is it? Week 2?


Mmm that's a good sign


That's a hell of a shortfall in Week 2. Also can't believe someone would sink $250 million into it on the heels of that news.
Posted by wildtigercat93
Member since Jul 2011
112340 posts
Posted on 2/19/19 at 8:11 am to
quote:

That's a hell of a shortfall in Week 2. Also can't believe someone would sink $250 million into it on the heels of that news.


Rovell (I know), said that he basically owns the league now
Posted by 1999
Where I be
Member since Oct 2009
29143 posts
Posted on 2/19/19 at 8:11 am to
roundtable guys were wondering if they would even finish the season. seemed like they had everything working well. too bad.
Posted by 1999
Where I be
Member since Oct 2009
29143 posts
Posted on 2/19/19 at 8:12 am to
lol i thought dundon and the fyre festival cock socker were the same dude for a second
This post was edited on 2/19/19 at 8:13 am
Posted by CaptainBrannigan
Good Ole Rocky Top Tennessee
Member since Jan 2010
21644 posts
Posted on 2/19/19 at 8:18 am to
quote:

Aaf and xfl should have joint venture to make a league.



Basically like two conferences. Make 5 team division. O would watch that.
Posted by 1999
Where I be
Member since Oct 2009
29143 posts
Posted on 2/19/19 at 8:18 am to
@darrenrovell
Follow Follow @darrenrovell
More
The AAF missed payroll in Week 1. They told agents that it was a glitch with switching to a new administrator. They told players would be paid by today the latest.

this is really bad.
Posted by danfraz
San Antonio TX
Member since Apr 2008
24550 posts
Posted on 2/19/19 at 8:19 am to
quote:

That's a hell of a shortfall in Week 2. Also can't believe someone would sink $250 million into it on the heels of that news.


They had to know they were going to lose money for the first couple of years minimum right?

They knew they wouldnt have positive cash flow right off the bat right?

Right?
Posted by 50_Tiger
Dallas TX
Member since Jan 2016
40132 posts
Posted on 2/19/19 at 8:19 am to
Wait a sec, you mean to tell me they didnt have the cash available to at least get through the seaason??


WTF?
Posted by StealthCalais11
Lurker since 2007
Member since Aug 2011
12450 posts
Posted on 2/19/19 at 8:20 am to
quote:

The AAF missed payroll in Week 1. They told agents that it was a glitch with switching to a new administrator. They told players would be paid by today the latest.

Holy shite
Posted by Jones
Member since Oct 2005
90552 posts
Posted on 2/19/19 at 8:20 am to
Few will get it but that's a great response
Posted by TH03
Mogadishu
Member since Dec 2008
171037 posts
Posted on 2/19/19 at 8:20 am to
Don't worry, super nerd Darren rovell is all over it.
first pageprev pagePage 1 of 6Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram