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Arena Football One accepted as "Stalking Horse" bidder for AFL assets

Wednesday November 18, 2009

TULSA – The League Office of Arena Football One announced today that its offer to purchase the assets of the Arena Football League (AFL) from the Trustee in the Chapter 11 bankruptcy was formally presented to the U.S. Bankruptcy Court in the Northern District of Illinois.

The Court approved AF1 as the "stalking horse" bidder for all of the AFL's assets. The league's bid of $2.5 million sets the floor price for the auction bidding process; other buyers may also compete for the assets at

an auction, which is set for Wednesday, November 25, 2009.

AF1 is committed to bringing the excitement of Arena Football to the fans after more than a year absence
from AFL markets.

"This is another positive step in our efforts to bring the fun and excitement of the Arena Football game to
fans across the country," said Commissioner Jerry Kurz. "Our goal is to create jobs and opportunities for
players, coaches, operations staff and team office personnel throughout the country, and to bring affordable
sports entertainment to the public."

-About AF1-

Formed in 2009, the Arena Football One League boasts teams from coast to coast and will commence its
Inaugural Season in the Spring of 2010.