AAF

Two alumni of the recently defunct Alliance of American Football have filed a lawsuit against the league and certain executives, alleging fraud and a host of other misdeeds.

The apparent demise of VC-backed pro football joins Blackstone, BlackRock, new unicorns and good dogs in our recap of the week.

The AAF has reportedly suspended operations and will not finish its inaugural season, with the hiatus coming about a week after majority owner Tom Dundon first said the league was in danger.

Less than two months after beginning its inaugural season, the VC-backed Alliance of American Football could already be facing an existential threat.

The AAF has used significant VC backing to establish itself as a fledgling presence in the word of pro football. A new lawsuit alleges the league utilized more nefarious means, too.

Its VC backers weren’t enough to save the AAF from a potential financial crisis. For that, the fledgling football league had to turn to a PE executive who’s no stranger to the world of pro sports.

Barely a week old, the Alliance of American Football is already making headlines. That’s probably exactly what its VC backers want.

The AAF is backed by some major names in VC. So it only makes sense that a PE analyst starred on the new pro football league’s opening weekend.

The AAF will begin its inaugural 10-game season this weekend. What will the future hold for the first of a series of new players on the pro football scene?

Breaking down the players, coaches and investors behind the Alliance of American Football.