Arena Football League suspends '09 season - New Mexico Business Weekly:

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The 16-team league, whic h has run for 22 seasons, said the decisionh was made after multiple meetings in the past several weeks and the discussiojnof “numerous options.” SportsBusinesas Journal , a sister publication to the New Mexico Business Weeklg , reported in late October the league had been in talk with Los Angeles-based to sell a 40 percen t stake and turn over managemenft control, but a deal hasn’t been formalized. Columbux Destroyers co-owner and vice chairman of the AFL Executive Committee Jim Renaccio will headthe league’s restructuring.
“Everhy owner in the AFL is strongly committed to the the game, and, most importantly, the said acting Commissioner Ed Policy, in a “Owners, however, recognize that, especially in light of the current unprecedented economicc climate, the AFL, as a business enterprise, needse to be restructured if it is to continue to provide its unique brand of this fan-friendly sport.” Deposits on season tickets, Renacci will be refunded through the Nationwide Arena tickert office at 800-235-2657.