Want to buy a football field system? Bankrupt Arena Football League selling off assets
According to Fox Business News, auction overseers, GA Global Partners have put the remaining assets of the defunct Arena Football League including team equipment, memorabilia and intellectual property, up for sale this month as part of bankruptcy proceedings.
“This auction is a historic opportunity for sports enthusiasts, coaches, and indoor football investors to acquire an extraordinary amount of equipment,” said Paul Brown, vice president of GA Global Partners. “From complete indoor football field systems to game uniforms, people will be able to bid on individual lots or together as an entire league.”
Advanced bidding opened on June 2, 2020. The timed auction will close at staggered times starting at 11:00 am EDT on June 23, 2020. Only online bids will be accepted. Physical inspections will be by appointment only at each location. COVID-19 safety measures will be observed during inspections and pick-ups.
Interested parties can pre-register and view auction details at www.gaauction.com.
The intellectual property of all six AFL teams — the Albany Empire, Atlantic City Blackjacks, Baltimore Brigade, Columbus Destroyers, Philadelphia Soul and Washington Valor — is available for bidding.
Thank you. pic.twitter.com/HMMqoePwxf
— Arena Football League (@OfficialAFL) November 28, 2019
Equipment includes five indoor arena football field systems, football helmets, practice jerseys and game uniforms, football pads, AFL branded footballs, practice equipment with blocking dummies, down markers and chain sets, headsets, JUGS football machines, video cameras, and more.
The AFL suspended league operations in October 2019 amid a slew of financial difficulties, including accrued debt from previous incarnations of the league. Commissioner Randall Boe announced last November that the AFL would file Chapter 7 bankruptcy and shut down for good after failing to find a financial backer to continue operations.
The auction is taking place online, with physical inspections of items available by appointment only.
The AFL experienced several financial highs and lows after its founding in 1987. After featuring 19 franchises at its peak, the league was forced to declare bankruptcy and cancel its 2009 season. A reorganized version of the AFL resurfaced in 2010 and experienced early success, only to contract several franchises and suspend operations for a second time.
Sources: GA Global Partners, Fox Business News
