Monday, December 15, 2008

Arena Football League Suspends Play For 2009 Season

God this is sad news...

LOS ANGELES -- The Arena Football League will suspend the 2009 season subject to agreement and cooperation with the AFL Players Association.

AFL executives and team leaders will develop an organization structure and financial plan that will seek to enhance league-wide revenues while generating cost efficiencies for the league and all its teams. The overriding goal of the league's restructuring is to create a business model that will provide long-term benefits to all current and future teams.

"It's important for the Arena Football League to think about the next 20 years," Avenger owner and chief executive officer Casey Wasserman said. "And the economic model, combined with the economic environment we're in currently doesn't allow us to take that perspective. Suspending play for the year -- in cooperation with our players and our partners -- allows us to get the perspective necessary to make the decisions that are in the best interest of the long-term viability of the league.

"All interested parties -- owners, players, partners and fans -- are committed to the sport," Wasserman added. "We're committed to do the work necessary to make this league have a long-term future together."

The Avengers will refund all season ticket accounts and all seat locations will be held until further notice.

"We have built an organization that prides itself on connecting with its fans and delivering value to its sponsors," Avenger president Matt Wikstrom said. "While I am saddened by today's announcement, our commitment to that vision grows stronger. We will work tirelessly to remain connected to the Avenger community throughout 2009."

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