Tom Dundon on AAF purchase: “My money is in the bank”

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Carolina Hurricanes owner Tom Dundon downplayed the notion that he saved the Alliance of American Football with his $250 million investment last week. But he did acknowledge that his, ahem, liquidity certainly helped the league at a time when there might have been some short-term shortfalls in terms of payroll.

In an interview on 99.9 The Fan in Raleigh, Dundon said that he was first approached by AAF officials last Wednesday, and that the deal was sealed and funded by Thursday.

“There’s a difference between commitments and funding,” Dundon said. “They had the commitments to last a long time, but maybe not the money in the bank. My money is in my bank. I’m sure of it.”

Like AAF co-founder Charlie Ebersol did earlier today, Dundon painted a picture of aggressively skipping steps of investment, as opposed to bailing out a troubled property. Dundon said the AAF “wasn’t a viability issue” as it pertains to short-term expenses, but that he invested now should eliminate any concerns about the league’s future.

“There were other people they were talking to,” Dundon said. “And Charlie has means. The amount of money they needed for Thursday [to pay players] wasn’t an amount of money that would have taken the league down. You could make me feel really good, … but the truth is, had other people they were talking to.

“They didn’t have a permanent solution like I provided.”

Dundon said with his investment, the league’s future was now secure.

“That’s enough money to run this league for a long time,” he said with the kind of laugh only a billionaire can laugh. “We’re good for many years to come with what I just did.”

Now comes the matter of fulfilling the league’s promise, to provide an additional avenue for football, and a place where you can safely experiment with rules and players and new technologies.

9 responses to “Tom Dundon on AAF purchase: “My money is in the bank”

  1. This guy is kinda dumb. He buys a finicky hockey franchise in the middle of Tobacco Road, where they’re only relevant if in the playoffs, in NASCAR territory and college football territory.

    He’s like the Sean Mcvay of owners now. Sort of a young hotshot silver-spooned, connected type.

    He went from “restaurant owner” to some kind of a multi millionaire overnight which is suspicious in itself. Probably the least impressive resume as an owner in sports.

    VEry much a wheeler/dealer type.

  2. Kudos to Dunon and Polian. Give the league time – baby steps. Sure, the defenses are dominating the offenses, but by midseason, the chemistry will develop on that side of the ball. Hey, we need this to be a bridge to the NFL for these castoffs. Vince McMahon? No Way in Hell the XFL will succeed

  3. Not too many rich guys like this are dumb.. does everybody just ignore the troll ty law? I should probably just do the same

  4. Hey whatever it takes to secure a franchise. The NFL is backing this venture which means it will succeed no mater what. It’s a player development league for the NFL. Watch as 3 or 4 players come out of THIS year and head right to the NFL & make it. Next year you’ll see it grow more and folks will tune it to see the future players of the NFL. I’m all in on this league.

  5. Pouring his money into the league and being honest about the on-field product already establishes this guy as the anti-Irsay.

  6. tylawspick6 says:
    February 19, 2019 at 2:51 pm
    This guy is kinda dumb. He buys a finicky hockey franchise in the middle of Tobacco Road, where they’re only relevant if in the playoffs, in NASCAR territory and college football territory.

    He’s a billionaire and I assume you’re not, so I think you have the lead on the dumb meter.

  7. Many commenters are quick to criticize the person who write that “he is kind of dumb”, I think it’s accurate. To become a billionaire you need to get lucky, it’s not a genius type of thing, it’s usually one good idea and/or major help from family. There is zero evidence to support the idea that another pro football league is viable. It has never worked, never, not a single time. It seems incredibly stupid, he made a dumb decision. Whether he can afford to lose the money is another question, but it was a dumb move and not s single fact has been presented to show otherwise.

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