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Vince McMahon’s XFL Files for Bankruptcy
Posted on 4/13/20 at 5:40 pm
Posted on 4/13/20 at 5:40 pm
Vince McMahon’s XFL Files for Bankruptcy
quote:
Days after shutting down and laying off its employees, Vince McMahon’s XFL has filed for Chapter 11 bankruptcy.
The debut season — the WWE chief’s second attempt at a spring professional football league — was shuttered amid the coronavirus pandemic in late March. In a Delaware bankruptcy court filing, the XFL listed between $10 million and $50 million in debts and an equal amount in assets.
News broke last Friday that the league would shut down operations and lay off all all but its top executives. In a statement at the time, owners McMahon and Alpha Entertainment said they would continue “evaluating next steps.” According to ESPN, staffers were informed of the decision in a conference call on Friday that they would be paid through the end of the regular season, which was scheduled to end yesterday.
7
Posted on 4/13/20 at 5:44 pm to Mud_Till_May
NFL should adopt some rules
Posted on 4/13/20 at 5:47 pm to Mud_Till_May
Smart. Vince will take a small personal loss and start thinking of the next big idea.
Posted on 4/13/20 at 5:49 pm to FightingTigers138
Didn't he start the league with a 500M investment? Is that all gone?
Posted on 4/13/20 at 5:52 pm to FightingTigers138
quote:
the next big idea
Going back to TVMA would catch my interest.
Posted on 4/13/20 at 5:53 pm to Mud_Till_May
McMahon is such a shyster
Posted on 4/13/20 at 5:53 pm to Mud_Till_May
Now the virus shutdowns are hitting close to home
Posted on 4/13/20 at 5:59 pm to brmark70816
quote:
Didn't he start the league with a 500M investment? Is that all gone?
No.
Posted on 4/13/20 at 5:59 pm to Mud_Till_May
Cautionary tale for people thinking college athletes have a market value above what they get now.
Posted on 4/13/20 at 6:26 pm to Jim Rockford
quote:
McMahon is such a shyster
And a rich, patient genius.
Posted on 4/13/20 at 6:38 pm to SEClint
People still watch wrestling?
Posted on 4/13/20 at 6:55 pm to Mud_Till_May
hahahaha shocking
Posted on 4/13/20 at 7:10 pm to Mud_Till_May
Honestly, he can't even provide a decent product in the WWE. Which is his bread and butter. How can he be excepted to have had any success in pro football.
Ever since his wife got into politics he made the WWE PG and it's been shite ever since. Plus he has no competition like the WCW gave him for years to keep him on his toes and creative.
Ever since his wife got into politics he made the WWE PG and it's been shite ever since. Plus he has no competition like the WCW gave him for years to keep him on his toes and creative.
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