NickC13573 Posted August 5, 2009 Share Posted August 5, 2009 Courtesy of Arenafootball.com AFL working to resume play in 2010 Courtesy: Arena Football League Release: 04/23/2009 Courtesy: Arena Football League NEW YORK – The Arena Football League (AFL) today announced that it has finalized a revitalized business model that will enable the league to return to competition in time for the 2010 season. Columbus Destroyers co-owner and Chairman of the AFL Executive Committee Jim Renacci is spearheading the restructuring process, which should be completed in the next 30 days. “We are working diligently to ensure the future viability of the AFL, so the league can return to play next season,” said Renacci. “A plan was finalized last week that allows for the resumption of play in 2010, and we will be sharing the details of that plan with owners over the next two weeks.” As has been previously reported, the first part of the process to return the AFL to viability is working with the AFL Players Association and their advisors to amend the Collective Bargaining Agreement (CBA). Led by the AFL’s former acting commissioner, Ed Policy, along with members of the AFL owners’ Policy and Negotiating Committee (which includes Renacci and Shy Anderson of the Dallas Desperados), those efforts produced a Term Sheet that was agreed to and signed by both parties in March 2009. “The group that developed the new viability plan is set to meet with owners across the league to review it and the amendments to the CBA,” said Renacci. “We hope to see everything ratified in the next 30 days.” Leading owners are lining up behind the revitalized business plan, and hope to return to play during the 2010 season. “The owners of the AFL realize we have the most fan-friendly, affordable and accessible sport anywhere,” said Craig Spencer, co-owner of the ArenaBowl champion Philadelphia Soul. “The process of revamping our business model will ensure that the AFL continues to provide value to its fans, not only surviving in the years to come, but thriving. There is still a lot of work to be done, but I am excited that we are close to bringing this great game back to the fans.” Link to comment Share on other sites More sharing options...
Comradebot Posted August 5, 2009 Share Posted August 5, 2009 I've seen multiple news articles, and heard constant spam on XBOX Live will playing NCAA, that the AFL is finished. Link to comment Share on other sites More sharing options...
Comradebot Posted August 5, 2009 Share Posted August 5, 2009 Courtesy of Arenafootball.com AFL working to resume play in 2010 Courtesy: Arena Football League Release: 04/23/2009 Courtesy: Arena Football League NEW YORK – The Arena Football League (AFL) today announced that it has finalized a revitalized business model that will enable the league to return to competition in time for the 2010 season. Columbus Destroyers co-owner and Chairman of the AFL Executive Committee Jim Renacci is spearheading the restructuring process, which should be completed in the next 30 days. “We are working diligently to ensure the future viability of the AFL, so the league can return to play next season,” said Renacci. “A plan was finalized last week that allows for the resumption of play in 2010, and we will be sharing the details of that plan with owners over the next two weeks.” As has been previously reported, the first part of the process to return the AFL to viability is working with the AFL Players Association and their advisors to amend the Collective Bargaining Agreement (CBA). Led by the AFL’s former acting commissioner, Ed Policy, along with members of the AFL owners’ Policy and Negotiating Committee (which includes Renacci and Shy Anderson of the Dallas Desperados), those efforts produced a Term Sheet that was agreed to and signed by both parties in March 2009. “The group that developed the new viability plan is set to meet with owners across the league to review it and the amendments to the CBA,” said Renacci. “We hope to see everything ratified in the next 30 days.” Leading owners are lining up behind the revitalized business plan, and hope to return to play during the 2010 season. “The owners of the AFL realize we have the most fan-friendly, affordable and accessible sport anywhere,” said Craig Spencer, co-owner of the ArenaBowl champion Philadelphia Soul. “The process of revamping our business model will ensure that the AFL continues to provide value to its fans, not only surviving in the years to come, but thriving. There is still a lot of work to be done, but I am excited that we are close to bringing this great game back to the fans.” Also that. This article is over three months old. Link to comment Share on other sites More sharing options...
NickC13573 Posted August 5, 2009 Author Share Posted August 5, 2009 Also that. This article is over three months old. i did see that after I posted. I also have seen that the AFL is finished, but as the AFL website hasn't posted, i don't see why everyone is saying they are finished. I want to believe that they WILL play in 2010 Link to comment Share on other sites More sharing options...
ACCBiggz Posted August 5, 2009 Share Posted August 5, 2009 They are saying that because an owner posted on his Facebook or Twitter that they are done. Press conference is scheduled for tomorrow I believe. The league filed for Chapter 11 bankruptcy. Link to comment Share on other sites More sharing options...
NickC13573 Posted August 5, 2009 Author Share Posted August 5, 2009 They are saying that because an owner posted on his Facebook or Twitter that they are done. Press conference is scheduled for tomorrow I believe. The league filed for Chapter 11 bankruptcy. that means they can still play, but with less financial assets? Link to comment Share on other sites More sharing options...
crownsy Posted August 5, 2009 Share Posted August 5, 2009 that means they can still play, but with less financial assets? sure, if the owner hadn't said the exact opposite on his face book and twitter. there done. Link to comment Share on other sites More sharing options...
NickC13573 Posted August 5, 2009 Author Share Posted August 5, 2009 sure, if the owner hadn't said the exact opposite on his face book and twitter. there done. chapter 11 means re-organization, but they can still operate; so therefore they can STILL play. Link to comment Share on other sites More sharing options...
ACCBiggz Posted August 5, 2009 Share Posted August 5, 2009 They didn't play 2009 in order to re-organize, so the fact they would close up shop would mean it's most likely dead. And the bankruptcy reports seem premature at this point too: “We’re suspending operations indefinitely for economic reasons,” said Jim Ferraro, a lawyer who owns the Cleveland Gladiators, which formerly played in New Jersey and Las Vegas. “We’re not folding or filing for bankruptcy. So we’re technically alive, but can I tell you if we’ll be playing in 2010 or 2011? Clearly, I cannot.” The current feel I get is that the AFL will fold completely and once the economy turns around we could see some of the dedicated owners resurface for a new Arena league of some sort. Link to comment Share on other sites More sharing options...
crownsy Posted August 5, 2009 Share Posted August 5, 2009 chapter 11 means re-organization, but they can still operate; so therefore they can STILL play. I know what chapter 11 means, that they can do that doesn't mean that the owner is lying when he says they are closing their doors indefinitely. See the quote above me, for the foreseeable future, the AFL is done. They MAY come back in some sort of new, smaller league if enough of the team owners want to give it a shot. Link to comment Share on other sites More sharing options...
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