Frank Jansky/Icon Sportswire

The Arena Football League announced it is closing all team service and local business operations, according to a statement from league commissioner Randall Boe. According to the statement, the league has “not yet made a final determination that it will be necessary to suspend all League operations,” but it does obviously not bode well for the league’s long-term viability.

Founded in 1987, the league ran through 2008, including a minor league operation, called AF2, from 2000-2008. Financial difficulties caused the league to cancel the league’s 2009 season and disband the AF2, but the top operation returned in 2010 and continued until now. The recent upstart Alliance of American Football (AAF) failed to complete one season in operation even with large financial backers. Even if this is the end of the run for the AFL, it will still rank among the most successful leagues in recent history.

The league's financial future seemed in jeopardy last month, when Boe announced the league was looking into becoming a traveling league in the vein of the BIG3 or the Premier Lacrosse League. However, it seems that will not be coming to fruition at least in the next year. It does come as a bit of good news for the XFL and other leagues looking to break into the market for professional football. AFL players, coaches, facilities and fans will all be looking for new opportunities. Interestingly, the Indoor Football League, which follows a very similar model to the AFL, is currently expanding, planning on creating a team in Oakland (owned by Marshawn Lynch) for the 2020 season.

More must-reads:

TODAY'S BEST
Rams make surprising release of former team captain
Hornets hire top Celtics assistant as next head coach
Maple Leafs fire HC Sheldon Keefe after another early playoff exit
Super Bowl champion discusses why Russell Wilson failed with Broncos
Colts LB Zaire Franklin calls out Texans, C.J. Stroud
Angels to acquire longtime Mets infielder from Braves
Hornets make decision on next head coach
Giants sign former Pro Bowl wide receiver
Report reveals why the NBA did not suspend Jamal Murray
Pressure mounts on Nuggets as Nikola Jokic wins third MVP Award
Jalen Brunson shakes off injury to lift Knicks to Game 2 win
Panthers dominate Bruins to even series
LSU HC pins transfer portal struggles on reluctance to 'buy players'
Pirates announce date for 2023 No. 1 overall pick's MLB debut
Shohei Ohtani showing what would happen if he only focused on hitting
Joe Burrow shares 'support' for Bengals who requested trades
Canucks erase three-goal deficit to stun Oilers in Game 1
Watch: Pacers star ties playoff high in threes in one half
Former NFL player has major warning for Steelers QB Justin Fields: 'You can't fall into this'
Watch: Brad Marchand hurdle Panthers player on Charlie Coyle goal

Want more Arena Football news?

Join the hundreds of thousands of fans who start their day with Yardbarker's Morning Bark, the best newsletter in sports.