Here is another post-mortem on the AAF. It sounds like Dundon had buyers remorse almost immediately.
https://www.espn.com/nfl/story/_/id/26957796/inside-short-unhappy-life-alliance-american-football
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Oh, and Charlie Ebersol is a delusional and dangerous man-child. Anybody getting into business with him gets what they deserve
I would add self-important to your string of adjectives. Another example of someone being born on 3rd base thinking he hit a triple.
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“Even though AAF executives told DCP (Dundon Capital Partners) its contribution would get the AAF through the first season, those executives knew at the time of the execution of the Term Sheet that the AAF would likely need an additional $50,000,000 (including League revenue) on top of DCP’s investment of up to $70,000,000 to get through the first season,” according to the legal filing made Monday. “The AAF and its executives never disclosed this information to DCP.”
I’ve only seen this on The Athletic but Dundon filed as an unsecured creditor in the AAF Chapter 7 bankruptcy filing. He wants his $70 million back. He charged he was induced into buying the league through “misrepresentations.”
https://theathletic.com/1044685/201...misrepresentations-wants-his-70-million-back/
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ok, so Tom's still down $67.875M by my count, with a pending lawsuit against Ebersol