Court Approves Sale of AFL Assets to AF1
December 8, 2009 - Arena Football League (AFL) News Release
FOTULSA - The League Office of Arena Football One announced today that the league has been approved to purchase the former Arena Football League's (AFL) assets.
US Bankruptcy Court Judge Susan Sonderby, who was overseeing the Chapter 11 Bankruptcy in Chicago, approved the Order of Sale of AFL assets to Arena Football One, LLC at a hearing Monday, December 7, 2009. Included in the assets purchased are all of the former AFL and former af2 team names and logos. AF1 Teams located in former AFL and af2 markets now have the option to adopt the former AFL and af2 team name and logo.
"With the official AFL asset purchase being finalized, Arena Football One will be the only league playing Arena Football in 2010," said Commissioner Jerry Kurz. "Our strong ownership groups and their respective markets/teams can now begin to fully brand themselves and continue to gear up for the AF1's Inaugural 2010 Season."
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Arena Football League Stories from December 8, 2009
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