Troubled former NFL wide receiver Antonio Brown decided to venture into football ownership not long ago, becoming a part-owner of the Albany Empire of the Arena Football League.
However, that venture is now over. Earlier this afternoon, it was announced that the AFL decided to terminate the franchise.
Take a look at the official press release, via NationalArenaLeague.com:
"After exhausting all avenues, the NAL board of owners have decided unanimously to terminate the membership agreement of the Albany Empire. The decision was reached after an emergency conference call of the members in good standing to discuss the Empire’s failure to pay their league mandated and overdue assessments. Each team is responsible to pay for 1/7 of the league’s operating budget via monthly assessments starting in April. The Empire’s owner, Antonio Brown, was also fined $1,000 for Conduct Detrimental to the League for his recent public comments. Mr. Brown refused to pay that fine."
"After acquiring the Albany Empire, new team owner Antonio Brown paid the Empire’s April assessment. The team then failed to make their May 15th assessment payment and last week just before the Empire’s game in Orlando, the league was notified that the April assessment was being challenged. That payment was subsequently credited back to Mr Brown. The league informed his accountant, Alex Gunaris, who in previous communications requested that the league communicate directly with Mr. Gunaris regarding financial obligations with the Empire. Mr. Gunaris was informed of the league's attempts to collect the delinquent assessments and he communicated to the league that it didn't seem like Mr. Brown was going to pay the assessment or fine."
"Once the league was alerted of Mr. Brown’s intentions, an emergency conference call was set up. During the call, it was decided to give the Empire until Thursday at noon to make their payment, after which time the league would be forced to cancel their home game with Jacksonville, and terminate their membership in the National Arena League effective immediately. Unfortunately Mr. Brown has failed to meet the deadline to his teams required financial obligations, and as a result the league has terminated his membership Agreement."
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