A month after shutting down operations for all six of its teams, the Arena Football League filed for chapter 7 bankruptcy on Nov. 27 — officially ceasing all operations after more than three decades in existence, USA Today reported. "We simply weren't able to raise the capital necessary to grow the League, resolve the substantial legacy liabilities and make it financially viable," league commissioner Randall Boe said in a statement. "We're all disappointed that we couldn't find a way to move forward, and we wanted to thank our fans, our players, coaches, everyone who loved Arena League Football." The Arena Football League was one of the longest-running indoor football leagues in the country, beginning in 1987. The six remaining teams were Albany, Atlantic City, Baltimore, Columbus, Philadelphia and Washington, D.C. The league suspended local business operations in October and had been evaluating potential strategic operations before Wednesday's decision. The league was mostly hurt by a lawsuit filed by one of its insurance carriers.
