Vince McMahon trying to buy back XFL at massive discount

Vince McMahon trying to buy back XFL at massive discount”

In other words, the only reason to pay season ticket holders for games they did get would be to ensure goodwill to McMahon for if and when he returns with the XFL.

In its second go-round and first since 2001, the XFL filed bankruptcy in DE in April, half-way through its inaugural season, citing Covid-19 and its economic impact for part of the reason for its filing.

The coronavirus pandemic killed the reboot of the XFL 2.0 as the first season came to a sudden end despite the league being widely popular and successful. Soon after, reports began to circulate that there were no plans to give it another go in 2021, which seemed to be confirmed when it filed for bankruptcy last month.

Jeffrey Pollack, the XFL's President has apparently called venues in St. Louis and Seattle asking about reinstating lease agreements.

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The Atlantic reports that Vince McMahon might be "trying to buy his own XFL out of DE bankruptcy court".

The XFL, 80 percent owned by McMahon through Alpha Entertainment and 20 percent by his WWE empire, launched February 7 and lasted five weeks before shutting down because of the COVID-19 pandemic.

As many of you know by now, XFL Commissioner Oliver Luck is suing Vince McMahon for wrongful termination. They also took issue with McMahon attempting to use $3.5 million to refund ticketholders, calling it an "unnecessary expenditure" and suggesting he's trying to keep fans happy so he can rebuy his own league at a "fire-sale price" and resurrect it yet again.

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