Thomas Dundon, the billionaire owner of the Carolina Hurricanes, defeated claims that he failed to make good on a $250 million commitment to support a startup professional football league before its collapse in 2019.
Dundon, who had already made a $70 million equity investment in the Alliance of American Football, didn’t breach any enforceable agreements to contribute more money to keep the upstart league afloat, Judge Craig A. Gargotta of the US Bankruptcy Court for the Western District of Texas ruled in a 199-page opinion Tuesday.
Although Dundon at one time spoke about putting $250 million into the organization, those ...