CBS 42 has an update on the AAFL Situation
The AAFL is finalizing major national television and radio deals this week, which should be welcome news to interested financial partners. Terms of this agreement require the official announcement is to be made by the broadcast entities and is contingent on the league locating an additional investor(s). The league announced last week that it was actively seeking additional funding to counter the negative repercussions of the liquidity crisis in the asset-backed financial markets, which have seriously affected the League’s majority owner' ability to personally finance the League.
This national TV agreement will guarantee that the following 21 (of this season’s 32 games) will be broadcast in HD by a well-known prestigious national network.
Now rumor has it that the network is the NFL network. I sure hope this stirs up some investors quickly. Lets be honest. Things are still grim. Maybe they can get their hands on some of that 200 Billion the Fed is going to be loaning out.
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