The Alliance of American Football, aka the AAF, has been on the verge of folding for the last few weeks and it now appears the league's demise is imminent. 

Just eight weeks after the inaugural season kicked off, the AAF has reportedly decided to suspend all football operations today. 

Action Network's Darren Rovell reports that Tom Dundon, owner of the Carolina Hurricanes, bought a majority stake in mid-February, just after the AAF's inaugural season kicked off.

AAF co-founders Charlie Ebersol and Bill Polian originally planned to develop the league for three years, with the ultimate goal of becoming a "minor league" of sorts for the NFL, but Dundon didn't want to wait that long and he has apparently opted to stop funding the league.

According to Pro Football Talk's Mike Florio,

"The move comes in the aftermath of ominous comments from Tom Dundon, who became majority owner of the AAF several weeks ago. Dundon committed $250 million in funding to the league, but he had the ability to pull funding, and he obviously has."

"Last night, a source told PFT that the AAF needed roughly $20 million to get to the end of its first season. Instead, the season will end with two weeks left in the regular season, and with a four-team postseason that never comes to fruition."