Former Alliance of American Football owner Tom Dundon alleges that the league initially told him it only needed $55 million to get through one season when he invested but in reality needed $120 million–more than twice what he was told–in a revealing legal filing in bankruptcy court.
Dundon filed as an unsecured creditor of the bankrupt league, who's short existence culminated in an incomplete inaugural season. He charged that he was induced into buying the league through “misrepresentations" and is seeking the $70 million he invested in the league based on the inaccurate representations.
The Carolina Hurricanes billionaire owner alleges, in documents obtained by The Athletic, that he was told that $55 million would get the now-defunct league through one season and the remainder of his $250 million investment would be used in subsequent seasons.