From Daniel Schultz, PFL Chief Financial Officer.
Dear PFL Fans,
The ongoing investigations have shown that due to financial irregularities, three PFL teams are in danger of losing their membership to the league.
The Victoria Panthers have been declared as insovlent, meaning they are automatically disqualified from the post season and forfeit their place in the league. They will have to re-apply for league membership, following meeting certain financial criteria and with assurances that they have funding in place to stop a repeat offence from happening.
The Pottsburgh Cardinals have used illegal mechanisims, that have given them an advantage against the salary cap restrictions and for taxation purposes. The league does not comment on matters related to taxation, other than members are relied upon to maintain a good relationship with the Eborian Tax Authorites.
The Amorgan Blues, on of Eboria’s oldest teams has also fallen foul of the financial regulations. Investigations are ongoing.
If both the Pottsburgh and Amorgan cases are seen to have been pre-determined judgments to gain unfair advantages- they may be temporarily or permanently expelled from the league. We can not comment further on their statuses until we are in control of the full facts in both cases.
We are as disappointed as you, the fans are, to be having to go through this process. As it stands, we will have 19 teams in 2017, with potentially going down to 17, depending on further reviews.We will keep you posted.
Yours faithfully
Daniel Schultz
PFL Chief Financial Officer.