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It’s not over. But it’s close.

Per a source with knowledge of the situation, the Alliance of American Football will be suspending all football operations within the next few hours.

The league won’t be folding, yet. But it seems to be moving in that direction.

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.