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The floundering Arena Football League is tossing in the towel, filing for Chapter 7 bankruptcy Wednesday.
A statement from Arena Football League commissioner Randall Boe said the indoor football league couldn’t surmount its financial and liability issues in order to grow, and was disappointed it couldn’t figure out a solution for next season. The league suspended operations in October. It promised refunds for tickets to remaining games.
The decision to declare Chapter 7 ends a 30-year-run, albeit a rollercoaster that saw teams come and go, financial hardships, and questions of survivability dating to its earliest days. Only four teams played in 2018, and even though the league added two expansion teams, it was too little, too late.