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Report: Hurricanes owner donates $ 250 million to AAF after league "exhausted funds"
Hurricanes owner Tom Dundon will be announced Tuesday as the new president of the AAF after a nine-figure investment in the league
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Carolina Hurricanes owner Tom Dundon will be announced Tuesday as the new president of the American Football Alliance, after a nine-figure investment in the league, L & # 39; Athletic reported late Monday night.
The FAA, which kicked off its inaugural season in two weeks, was "run out of money" before Dundon imposed itself with an investment of $ 250 million, according to the website.
Dundon, 47, became the majority owner of the Hurricanes in January 2018.
The AAF, consisting of eight teams, brings together former NFL players and coaches and academics, ranging from former top pick in the NFL's top 10, Trent Richardson, to former Washington Redskins coach and Florida Gators, Steve Spurrier.
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Some NFL executives viewed the league as a potential talent assessment tool, while AAF leaders emphasized the long-term profitability and usefulness of some of the technologies they produced in the of their games.
Another new football league, the XFL, is expected to begin in 2020.