The Arena Football League halted operations and declared bankruptcy Wednesday, effectively ending play for the three-decade old league.
"We simply weren't able to raise the capital necessary to grow the League, resolve the substantial legacy liabilities and make it financially viable," league commissioner Randall Boe said in a statement. "We're all disappointed that we couldn't find a way to move forward, and we wanted to thank our fans, our players, coaches, everyone who loved Arena League Football."
Albany, Atlantic City, Baltimore, Columbus, Philadelphia and Washington were the remaining teams in the league, formed in 1987.
Kurt Warner, who went on to be an NFL great, was among the top players in the Arena Football League.
The move was a follow-up to the league suspending local business operations in October, said to be due in part to a lawsuit from one of its insurance carriers.
The Alliance of American Football, which began its first season in February, also folded though just after two months of operation.
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