The Arena Football League announced that a new business model has been finalized, and that the formation of that should lead to the league returning in 2010.

According to a statement posted on the league’s website on Friday, the restructuring process, which has been led by Columbus Destroyers co-owner and Chairman of the AFL Executive Committee Jim Renacci, should be completed within the next 30 days.

“We are working diligently to ensure the future viability of the AFL, so the league can return to play next season,” Renacci said in the statement. “A plan was finalized last week that allows for the resumption of play in 2010, and we will be sharing the details of that plan with owners over the next two weeks.”