So, who wants to own a football league?
News broke over the long weekend that the XFL was shutting down operations and laying off employees.
The XFL lasted just part of one season before the COVID-19 pandemic put their season on hold. At the time, the league promised it would be back in 2021. That’s looking less likely by the day with reports suggesting the league was toast over the weekend.
Now, that appears more likely than ever.
On Monday, the league officially filed for bankruptcy and it’s not surprising once you see the money they owe.
BREAKING: XFL files for bankruptcy. N bankruptcy filing reveals that WWE actually does own part of league (23.5% of Class B stock). Among the creditors — Bob Stoops ($1M), Marc Trestman ($777K), Ticketmaster ($655K), other coaches ($583K) and MetLife Stadium lease ($368K). pic.twitter.com/PRj3CXAnkv
— Darren Rovell (@darrenrovell) April 13, 2020
That’s some serious coin owed to various creditors including former Toronto Argonauts and Montreal Alouettes head coach Marc Trestman.
The story doesn’t end there, though.
There’s a possibility that someone may want to take another crack at American spring football. It appears the league is up for sale as part of the bankruptcy proceedings.
An XFL source tells me the league is in fact for sale as part of bankruptcy process.
XFL still intends to return all ticket funds to fans (as @BenFischerSBJ reported Friday).
— Austin Karp (@AustinKarp) April 13, 2020
Any interest in the 3DownNation Football League?