RALEIGH, N.C. (WFMY) — Carolina Hurricanes owner Tom Dundon is committing $250 million to the Alliance of American Football, a new professional football league, according to a release from the Hurricanes.
In exchange for his quarter-billion dollar investment, Dundon will become the league’s chairman of the board of directors, effective immediately.
Hurricanes president and general manager Don Waddell issued a statement reiterating Dundon’s commitment to the ‘Canes.
This was a terrific opportunity for Tom to expand his investment in the sports world. The AAF is off to an exciting start as a league and was founded on some truly unique and groundbreaking concepts.
Tom is excited about the direction of the Carolina Hurricanes and remains fully committed to this franchise’s current and future success in Raleigh.”
The Alliance features eight teams with 52 players on the roster. Teams play a 10 game regular season schedule, followed by two playoff rounds and then the Alliance Championship game on April 27 in Las Vegas.
The league’s first game was held on Feb. 9 and aired on CBS. Games will also air on TNT, B/R Live and the NFL Network. Viewers can also stream some of the games on the Alliance app.
According to the press release, the league “provides players with a commitment to safety and state-of-the-art equipment as well as a comprehensive bonus system, post-football career planning, financial counseling and scholarship support for postsecondary education.”
The release did not indicate if there are plans for a team to come to Raleigh.
For more information on the Alliance of American Football, click here.