The Arena Football League is about to close shop, several media outlets reported Tuesday.
A league source told ESPN that the AFL is "suspending operations indefinitely," and an official announcement was forthcoming.
Arizona Rattlers owner Brett Bouchy told the Orlando Sentinel the league will declare bankruptcy.
"It's just unfortunate we're in this situation," Bouchy said. "Everyone knows myself and Arizona fought hard to avoid this day. The league was divided into two groups and factions. You had one group of committed owners who contributed capital and willing to do whatever it took to bring the league back in 2010. I have been in that group the entire time. Then there was another group that just wasn't willing to make the investment. We could never get a consensus."
The league suspended play for the 2009 season in December of 2008. This past March, a collective bargaining agreement was reached and a month later a business plan was put together.
But according to Columbus Destroyers managing partner Jim Renacci, the requisite 75 percent of the owners could not agree on the plan.
Under coach Danny White, the Rattlers were ArenaBowl champions in 1994 and 1997, and lost in the championship game in 2002, 2003 and 2004.