In August 2009, Charles Matthews, a Fairbanks pastor, took over the team from Deeter to become the third team owner. On September 27, 2009, Matthews announced that Darnell Lee would take over as the fifth head coach for the Alaska Wild. Mathews did not have the financial resources to support the team, nor was he able to sell enough season tickets and team sponsorships. In March 2010, the Indoor Football League took control of the Alaska Wild team and was to operate the team until a new owner was found or the season ended. In May 2010, after nine games, the team suspended operations. Coach Lee and multiple players left to play elsewhere and the team no longer had money to continue the season.