Alliance of American Football co-founder Charlie Ebersol on Tuesday attempted to rebut reports that the first-year league was in dire financial shape and needed a massive infusion of cash to make payroll, in the form of a $250 million investment from Carolina Hurricanes owner Tom Dundon.
In an interview with the Orlando Sentinel’s Mike Bianchi, Ebersol framed the investment as a buy-in from a businessman who saw a good opportunity to get in on the ground floor. He claimed the league was not in serious financial jeopardy before Dundon’s cash infusion, contradicting a report in the Athletic that said the league needed the money to make payroll after only its first weekend of games.