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.
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