AFL to cease operations file chapter 7 bankruptcy

The Arena Football League had already cancelled there 2009 season which was set to run over the summer months and be aired on ESPN. However this league had a lot of big problems, an out of control spending spree on players in certain cities, and a low fan turnout in most cities not named Chicago. Now word has leaked out that the AFL will cease all operations and file for Chapter 7 bankruptcy which is a liquidation of assets.

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