Tuesday, August 4, 2020

XFL Creditors Reportedly Believe Vince McMahon Will Re-Start League

The XFL's creditors believe Vince McMahon plans to buy back the league.

There is currently the belief amongst some that the XFL’s second death is still not the final nail in the coffin for the league. Vince McMahon’s twice ill-fated football league filed bankruptcy earlier this year after the global pandemic hit.

According to a report from the Athletic’s Daniel Kaplan, some XFL creditors believe Vince McMahon’s plan is to wait out the pandemic before buying the league back at a “fire sale” price.

- Advertisement -

It is also being reported that XFL President Jeffrey Pollack has contacted stadiums in St. Louis and Seattle about reinstating lease agreements.

Creditors have also been led to this conclusion based on a plan to repay $3.5 million to season ticket holders. The XFL’s creditors believe this is a goodwill gesture to ticket holders in the attempt to win them back when McMahon buys back the league.

McMahon would then have to completely rebuild the league from scratch in order to start over again. This would also involve hiring a new league commissioner after McMahon fired Oliver Luck shortly before filing for bankruptcy. Luck has since filed suit against McMahon for money he says he is owed on the remainder of his contract.

Luck’s team contends that his contract states he is owed the remainder of his contract if he is terminated without just cause. McMahon’s team is arguing that Luck was terminated with cause.

The XFL cancelled the remainder its season on March 12th, 2020. The league then filed for bankruptcy on April 13th.

Trending Articles

WWE RAW Results (8/3): Shane McMahon Returns, Dominik Attacks Rollins

WWE RAW aired from the Performance Center in Orlando. Shane McMahon made his return tonight to debut RAW Underground and Randy Orton...

Chaos At Today’s WWE TV Tapings, Shane McMahon Returning for RAW

WWE has announced that Shane McMahon will return on tonight's RAW episode. McMahon has been off WWE TV since losing the Career vs. Career Ladder...

Shane McMahon Returns To Reveal RAW Underground

Shane McMahon returned to WWE television Monday night to introduce RAW Underground. The son of WWE Chairman & CEO...

Two Former WWE Stars Debut During AEW’s Women’s Tag Team Cup Tournament

AEW's Women's Tag Team Cup Tournament kicked off tonight on the company's YouTube channel and it saw the debut of not one...

Eric Young Says That Triple H Did Not Know About His WWE Release

Eric Young was one of the guys Triple H had signed to NXT. He found success in the development territory of the...

Latest Wrestling News

WWE RAW Viewership Up, RAW Underground Debut Does 1.6 Million Viewers (8/3)

Monday’s edition of WWE RAW averaged 1.714 million viewers with a 0.51 rating in the key 18-49 demographic. This was up from...

Enzo Amore Trashes ROH For Poor Handling of MSG Hype from 2019

Former WWE Superstar and 205 Live Cruiserweight Champion Enzo Amore/nZo recently appeared on SiriusXM's Busted Open Radio to discuss a number of...

Backstage News On Potential New Location For WWE SummerSlam

SummerSlam takes place in less than three weeks, but WWE has yet to announce where the summer spectacular will take place.

MJF Taunts AEW Champion Jon Moxley: “What I Did Was a Real Paradigm Shift, Not a Fake One”

AEW star MJF recently appeared on SiriusXM's Busted Open Radio show. The 'Salt of The Earth' appeared on the show to discuss...

Impact Signs Kimber Lee To Contract

Kimber Lee is now officially a member of the Impact roster. She has been performing on recent shows since the promotion began...

Impact Wrestling Emergence: 2-Week Special Event Announced

Impact Wrestling has announced Emergence, a 2-week event that will air on AXS TV later this month. These...

Sonya Deville On Advice She Gave To Tegan Nox

Smackdown's Sonya Deville recently took part in an interview with the International Business Times. During the interview, Deville revealed that Tegan Nox...

Arn Anderson Comments On Women’s Wrestling In 2010

Arn Anderson was working backstage in WWE in 2010. He recently spent some time talking with Conrad Thompson about the Money in...

Eric Bischoff On Moving To Stamford For WWE

Eric Bischoff was the Executive Director of WWE Smackdown from the summer of 2019 until March of 2020. He moved to Stamford,...

Gallows & Anderson Trying to Lure AJ Styles Back To Impact Wrestling

Former WWE Superstars Karl Anderson and Luke Gallows have made it clear: they want to see AJ Styles back in Impact Wrestling....

WWE Superstars Offer Nikki & Brie Bella Parenting Advice

Several WWE Superstars have recorded their congratulations for Brie and Nikki Bella following the births of their newborn sons. The Bella Twins...

Eric Bischoff On RAW’s Declining Viewership, Dynamite’s Recovery During COVID-19

Former SmackDown Executive Director and WCW President Eric Bischoff has commented on RAW's declining viewership. Speaking with Chris Featherstone of Sportskeeda, Bischoff...