Stop... Before I Begin

Grand opening - Grand closing.

All American Football League scraps inaugural season

ATLANTA (AP)—The new All American Football League has scrapped plans for its 2008 inaugural season and will continue to search for financial backing for 2009.

Kennan Davis, the AAFL’s vice president of league operations, said sponsors have commitments to remain with the league in 2009, and they're blaming the bond market for it. Rrriggghhhhttttt....

The league’s chief executive officer, Marcus Katz, said economic conditions forced the decision to scrap plans for this year.

“I invested 29 million dollars in cash to roll out the operations of the league,” Katz told the station, adding he was owed “a lot more money” by a student loan company.

“When I told the board I would subsidize the league, that was before the bond market collapsed,” Katz said.

The league announced last week it was exploring “multiple financing options,” including a TV deal, to address its funding crisis. Because I'm sure there's a glaring hole in ESPN Ocho's programming schedule caused by the last non-NFL league's implosion.

In case you're worried, the league announced Thursday refunds will be given for tickets purchased for 2008 games.

All I know is that I called this the minute I heard about it:

AAFC, AFL, USFL, WFL, XFL, AAFL = RIP