 On October 22, just a few days before the start of week 13, the WFL went out of business.Hemmeter said that the league would have needed to spend as much as $40 million over two years to be successful, a bill that the league's directors, seven of whom sat on the boards of banks, did not feel could be justified.The Birmingham Vulcans, by virtue of their league-best record of 9–3 at the time of the shutdown, were proclaimed league champions.