The startup indoor-football league has closed on the purchase of assets of the defunct Arena Football League, clearing the way for a 2010 launch.
The startup indoor-football league has closed on the purchase of assets of the defunct Arena Football League, clearing the way for a 2010 launch.
You may not think such an asset sale is a big deal, but it is: it allows owners who had teams in the old AFL clear ownership of their marks and logos; this would include teams in Chicago, Orlando, Phoenix and Tampa Bay. It also covers teams with the affiliated AF2 who wants to move up to the new league.
"We had to run the gauntlet of well financed and powerful opposition to secure the assets for the future of the Arena Football game and our new league," said AF1 board member William Niro in a statement Monday. "In the end, we prevailed because of the unwavering commitment and trust that the members had in each other to make something special happen. We can now focus our full attention on the 2010 season."
RELATED STORIES: Details emerge on Arena Football 1
Sign up for the free weekly Arena Digest newsletter and keep up with the latest happenings! You can sign up here.
Follow Arena Digest updates on Twitter!
