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Alliance of American Football Files for Chapter 7 Bankruptcy

The Alliance of American Football has filed for Chapter 7 bankruptcy after the league folded, the league announced in a statement Tuesday.

"We are deeply disappointed to be taking this action. The AAF was created to be a dynamic, developmental professional football league powered by an unprecedented alliance between players, fans and the game. The AAF strove to create new opportunities for talented players, coaches, executives and officials while providing an exciting experience for fans. We are proud of the fact that our teams and players delivered on that goal.

"We thank our players, coaches and employees for their commitment to the game of football and to this venture.