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Arena Football League may fold

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07:03 AM ET 12.09 | A published report that the Arena Football League was on the verge of folding seemed premature yesterday, but very little information was forthcoming, either from the Philadelphia Soul or from league headquarters in New York. On Friday, the 16-team league said it was delaying the release of its 2009 schedule, the dispersal draft to allocate players from the defunct New Orleans VooDoo, and the beginning of free agency. The statement said, in part: "The AFL is working on long-term structural improvements which have unfortunately delayed some important events." That was the AFL's "standing statement" on the matter, league spokesman Chris McCloskey said yesterday. He declined to elaborate. Citing two sources, the Denver Post reported that the league could dissolve if it does not come up with financing by Dec. 19. The business model for the league is broken," Michael Young, executive vice president of the Denver Crush, told the Denver Post. "If the rug is pulled out from under us, it's pulled out from under us." Two AFL players told the Columbus Dispatch last week that they had received text messages warning them that the league was in jeopardy.

Philadelphia Inquirer

John Bon Jovi, John Elway, Paul Hawthorne/Getty Images John Bon Jovi, John Elway, Paul Hawthorne/Getty Images

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