Well, it’s over. The Alliance of American Football is officially suspending operations. RIPIP, 2019-2019. Thank you for the one highlight of that quarterback getting obliterated that one time. It will not be forgotten. What will be forgotten is the investment of $70 million that is now gone forever.
Back in February, Carolina Hurricanes owner Tom Dundon pledged $250 million to the Alliance. On top of Dundon’s ownership and investment, you probably know Dundon best from the shout out he gets at the end of every Law and Order SVU intro. *Dun Dun. His incremental payments totaled $70 million by the time the AAF was shut down.
Obviously, this ended up being a terrible investment. But in the grand scheme of things, just how back was it compared to other famous wastes of money?
AAF vs. Kirk Cousins
As far as investments with no return go, Kirk Cousins is up there with the best of them. You would think adding a better quarterback to team that finished 13-3 the previous season would make them more of a title contender. Turns out, it actually means you miss the postseason. But, was the Kirk Cousins investment worse than the AAF? Yes and no. Cousins’ contract is for 3 years, $84 million and so far, no Super Bowl. We will have to see what the next two years bring.
AAF vs. the Hoover Dam
I am blindly following Ron Swanson and agreeing that the Hoover Dam is a travesty. I don’t care how much electricity it provides. The original cost was $49 million so at least it’s not as bad as the AAF.
AAF vs. Tidal
Remember when Jay-Z bought Tidal way back in the day? I honestly can’t remember what exactly it did, but I know it flopped almost immediately. Could it have been worse than the AAF? Almost, but no. Tidal originally cost the Jiggaman $56 million to buy the company.
AAF vs. the Ponzi scheme John Elway invested in
According to the Denver Post, John Elway once invested in a Ponzi scheme run by hedge fund manager Sean Mueller. Just barely beating the AAF, John Elways investment of $15 million helped the Ponzi scheme end up with $71 million from 60 total investors
AAF vs. Justin Timberlake’s Myspace Investment
After the launch of Facebook, the coolest white person in the world, Justin Timberlake, decided he would invest in the failing social network Myspace. JT purchased a $35 million stake in the company to later sell all of his shares for a total of $1. At least he got a larger return than AAF investors.
Let us know what other investments and wastes of money we left out and throw us a follow @soft7sports on Twitter.