The AAF bankruptcy filing is nearly as big as the Vikings’ new playbook.
Via Daniel Kaplan of SportsBusiness Journal, the now-defunct football league’s bankruptcy filing has a list of creditors that covers 1,117 pages.
The AAF owes MGM the most, at $7 million. MGM reportedly took steps to ensure that it would assume ownership of the league’s real-time gambling technology in the event that the AAF went belly up.
The next biggest creditor is CBS, which the AAF owes $5.19 million. An advertising firm has unsatisfied bills of $2.275 million, and a law firm is owed $2.4 million. Arizona State University, where the Hotshots played its home games, has a claim in the amount of $1.2 million.
In all, the AAF’s liabilities exceed $48 million, and it has less than $12 million in assets.