First Update 5:40 p.m.
Officials with the Albany Panthers have released the following statement:
The Albany Panthers' lease agreement includes an ability to cure any default once an official letter is received from the City of Albany. In a January 27th call with City Manager - James Taylor, Panthers owner Rod Chappell was informed that the team had 30 days from the January 23rd default letter to cure any outstanding issues with the City. After speaking with Mr. Taylor and City Attorney - Nathan Davis today, Mr. Chappell informed the City of the Panthers intent to cure the default. The Panthers and PIFL representatives will be in Albany this week to speak live with City of Albany officials.
Albany Assistant City Manager Wes Smith released the following statement about the Albany Panthers lease agreements:
Regarding the recent media reports please be advised that the Albany Panthers, LLC were informed by written notice on January 23, 2014, that due to failure to make payments under the indoor football and concession lease agreements; the agreements were terminated. As such, no game dates have been set for 2014 indoor football games.