Alliance of American Football to suspend operations in blow to investors Peter Thiel
The league billed itself as one with greater focus on player safety and a more convenient fan experience, aided by a mobile app to host live streamed games. But questions as to its financial stability cropped up early into the league's first season.
The league, which launched its inaugural season in February, said earlier this year that it received a $250 million cash investment from Carolina Hurricanes owner Tom Dundon. 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.
CBS signed on as the official TV partner for the new league, airing two games in primetime on CBS and a host of other regular season games on CBS Sports Network.This story is developing. Please check back for updates.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alliance of American Football league to suspend operations, per reportsThe Alliance of American Football will suspend operations, per multiple reports.
Read more »
Majority investor: Alliance of American Football in danger of being discontinued without NFLPA helpThe first-year Alliance of American Football's inability to secure cooperation from the NFL Players' Association to use young players from NFL rosters has put the AAF in danger of folding.
Read more »
Peter Thiel's company Palantir wins major Pentagon contract, beating traditional military vendorsThe army awarded a contract worth up to $800 million to Peter Thiel-backed data analytics company Palantir. This is Palnatir's first on a 'defense program of record,' a designation for the most substantial government contracts.
Read more »
EU suspends naval patrols in Libya migrant operationEU says it will suspend ship patrols that have rescued tens of thousands of migrants since 2015 in the Mediterranean Sea, after deep resistance by Italy's anti-migration government
Read more »
Dissident group accused of North Korean embassy intrusion suspends operationsA dissident group accused of breaking into North Korea's embassy in Madrid ...
Read more »
Now in the spotlight, dissident group linked to North Korean break-in suspends operationsA shadowy North Korean opposition group accused of a brazen raid of the North Korean embassy in Madrid last month announces it is 'temporarily' suspending operations in the wake of glaring media attention.
Read more »
U.S., three Central American countries agree on joint police operationsThe United States said on Wednesday it had reached an agreement with three Centr...
Read more »
U.S., Central Americans agree on joint police operations in regionThe United States said on Wednesday it had reached an agreement with three Centr...
Read more »
American Airlines indefinitely suspends flights to VenezuelaAmerican Airlines Group Inc is indefinitely suspending its flights to Venezuela,...
Read more »
Analysis | The Cybersecurity 202: U.S. and Europe's divergent attitudes on Huawei could damage alliance, officials warnAnalysis: U.S. and Europe's divergent attitudes on Huawei could damage alliance, officials warn
Read more »