Stephan RachukBack back on April 2nd, we reported that the XFL was looking to acquire various assets from the now bankrupt AAF. It looks as if some new information has now surfaced on this.
A San Antonio bankruptcy trustee last week filed court papers asking a judge to approve the sale of some of the AAF’s assets to XFL parent company Alpha Entertainment for $375,000. Alpha has already paid a $37,500 deposit.
Among the trove of treasures slated to be sold are 1,000 Riddell, Schutt and Vicis helmets, 300 shoulder pads, 58 metal lockets, tackling dummies and shields, and even hundreds of rolls of athletic tape.
The property is stored in a warehouse on San Antonio’s Northeast Side.
Six Alliance-related companies filed for Chapter 7 bankruptcy last month in San Antonio, about two weeks after the league suddenly folded. One of the companies listed $11.4 million in assets and $48.4 million in liabilities.
Alpha, based in Stamford, Conn., didn’t immediately respond to an email.
Bankruptcy trustee Randolph Osherow, who filed the court papers to sell the AAF assets, said he may still get other offers for the property.
“We always hope to get higher offers,” Osherow said. “The problem is, it’s a very small market (of buyers). This is all professional football gear. So it’s probably only going to be sold to someone in the professional football business.
“Colleges have their own way of getting equipment. It has to go through a budgeting process,” he said. “They are really not in the auction-attending business.”
