The Alliance of American Football came into existence with what appeared to be sound financial backing. The league, co-founded by television and film producer Charlie Ebersol and longtime NFL personnel executive Bill Polian, received funding from a number of high-profile venture capital firms, including the Founders Fund backed by billionaire Peter Thiel and the Chernin Group, which also owns a majority stake in Barstool Sports. Salaries would be kept low, at least compared with the NFL: Each AAF player signs a three-year, non-guaranteed contract worth $250,000. The league has TV deals with CBS Sports, Turner Sports and the NFL Network.
The AAF, which includes the Salt Lake Stallions, reportedly needed a $250 million bailout to stay afloat after just one week
