Dundon: AAF Could Fold without NFLPA Support

[Blueline Bomber]

Since this is popping up again:

 

[Lempo]

Since this is popping up again:

But according to the trustee’s filing, MGM on Sept. 28, 2018, paid the $7 million for a secured interest in the technology. The league used the investment money to fund operations and app development.

Also, the Osherow filing notes that on April 1, MGM and the AAF signed a permanent and irrevocable license for the IP. The next day Dundon pulled league funding, leading to the bankruptcy filing two weeks later.

Sure looks like Dundo invested with the gambling app technology in mind, but it had already been used as a security for a previous investor. Probably comes down to if Dundo was given faulty information on the status of the IP.

One would assume that Dundo himself would have wanted the IP as collateral when he invested... did AFF actually pawn it twice to the investors, and Dundo was the one left empty-handed?

 

[emptyNedder]

Sure looks like Dundo invested with the gambling app technology in mind,

To me it always looked like Dundon invested because he wanted to be the king of a football league (he pals around with Romo).

Probably comes down to if Dundo was given faulty information on the status of the IP.

Or he just made a really bad decision.

One would assume that Dundo himself would have wanted the IP as collateral when he invested

Leave me out of this.

Seriously, I want the Canes to succeed as much as anyone. But there is, and has been, a lot of motivated reasoning related to Dundon.

Brobible had the key point:
A lawyer involved in the case says Dundon filed the claim in bankruptcy court in an attempt to distance himself from liability to any of the league’s creditors, as well as trying to trigger the AAF’s executive and board insurance policies, which would add more money to the pot for himself and other claimants.

This sounds like trying to get someone else to pay for a mistake. I work in insurance, we see it all the time. If someone has the money to pay attorneys, the strategy can work.

 

[Lempo]

To me it always looked like Dundon invested because he wanted to be the king of a football league (he pals around with Romo).


Or he just made a really bad decision.


Leave me out of this.

Seriously, I want the Canes to succeed as much as anyone. But there is, and has been, a lot of motivated reasoning related to Dundon.

Brobible had the key point:
A lawyer involved in the case says Dundon filed the claim in bankruptcy court in an attempt to distance himself from liability to any of the league’s creditors, as well as trying to trigger the AAF’s executive and board insurance policies, which would add more money to the pot for himself and other claimants.

This sounds like trying to get someone else to pay for a mistake. I work in insurance, we see it all the time. If someone has the money to pay attorneys, the strategy can work.

Sir, I don't like how you hamper a foreign non-expert from making legal conclusions on strenght of a short article in a sports publication.

 

[NotOpie]

Or he just made a really bad decision.

He admitted as much in that article that Hank floated...he flat out said he didn't do as much due diligence as he probably should have.