Other The XFL

[Exe Gesis]

The bankrupt XFL hopes to find a buyer for the league.
The AAF filed for Chapter 7 bankruptcy, which entails "complete liquidation" of the business. The XFL has pursued Chapter 11, which would allow the brand to live on if someone steps in and purchases it following a "reorganization of the business and handling of the debts." The Wall Street Journal has reported the XFL hopes to find a buyer by July 15. There is no guarantee one emerges, of course, especially in America's bizarre, pandemic-dominated current environment.
SOURCE: Profootballtalk on NBCSports.com
Apr 16, 2020, 4:29 PM ET

 

[AJ_2000]

Everyone is back to protecting their core business, hence why Vince is shielding the WWE. can't see where a buyer with that sort of money would be coming in now, except maybe Zoom

 

[Exe Gesis]

No one will whilever the covid thing is still a big if how long before it ends, the restrictions. Smart buyer could buy the league for dirt cheap right now tho

 

[TheGreatBarryB]

These leagues have too long a history of losing money in short period of time.

 

[drd23]

Oliver Luck sues Vince McMahon

The XFL is gone (again), but it won't be forgotten.

profootballtalk.nbcsports.com

Former XFL Commissioner Oliver Luck has sued XFL owner Vince McMahon for wrongful termination, according to Daniel Kaplan of TheAthletic.com.

The lawsuit, as interpreted by Kaplan, suggests that Luck (who reportedly had a $20 million guaranteed contract) was terminated for cause, based on this line: “Mr. Luck wholly disputes and rejects the allegations set forth in the Termination Letter and contends they are pretextual and devoid of merit.”

The XFL ceased operations and filed for bankruptcy due to the premature termination of the 2020 season, resulting from the coronavirus pandemic. The notion that Luck did something to justify being fired for cause one day before the league disbanded operations and laid off most if not all employees is highly coincidental at best, flat-out false at worst.

 

[Exe Gesis]

Wow, sir

 

[aussiedude]

The NFL needs a proper development league. they should look into buying this.

Just like i hope the AFL starts a new national reserves comp when teams in state leagues fold over covid.

 

[Exe Gesis]

The NFL needs a proper development league. they should look into buying this.

Just like i hope the AFL starts a new national reserves comp when teams in state leagues fold over covid.

Best idea. The 32 NFL owners can collectively pool together and co-own the teams. Put teams in non-NFL cities, allow fringe players and backups to learn. Farm league.

 

[aussiedude]

Best idea. The 32 NFL owners can collectively pool together and co-own the teams. Put teams in non-NFL cities, allow fringe players and backups to learn. Farm league.

You would use the practice squad members and some others who are not on NFL contracts. and have the NFL teams run the coaching so schemes and stuff are known. obviously not the same schemes but a basic version of them so teams dont sign players to lean more about teams playbooks.

 

[Exe Gesis]

You would use the practice squad members and some others who are not on NFL contracts. and have the NFL teams run the coaching so schemes and stuff are known. obviously not the same schemes but a basic version of them so teams dont sign players to lean more about teams playbooks.

Hmm, maybe not that. I would think easier is just a whole separate farm league. The NFL owners own the teams, and hire staff for those teams. Teams can use the entire league like the XFL's "Team 9" concept. Just more pressing is having a league that won't collapse due to lack of funding. If 32 owners own 8 teams collectively, it can last.

 

[TheGreatBarryB]

NBA has the G league and they’ve upped min pay from $125k to $500k. Surely NFL could do something similar?

 

[AJ_2000]

Oliver Luck sues Vince McMahon

The XFL is gone (again), but it won't be forgotten.

profootballtalk.nbcsports.com

What a coincidence. We terminated your contract the day beforehand.....

 

[AJ_2000]

In filing, McMahon claims Luck fired 'for cause'. Seems like a weak case, but who would be liable for the payout if the xfl is liquidated?

In filing, McMahon claims Luck fired 'for cause'

In response to former XFL commissioner Oliver Luck's wrongful termination lawsuit, attorneys for league owner Vince McMahon noted in a filing that Luck was fired "for cause," citing three examples. Luck's attorneys later responded in a separate filing.

www.espn.com

 

[Exe Gesis]

According to bankruptcy filings, the XFL could return with a new owner as soon as spring 2021.
The Athletic reports there are "dozens of bidders are looking over the league’s financials and interested in relaunching it next February." It had been rumored that Vince McMahon filed for bankruptcy with the intention of buying his old property back at a bargain price, but he insists that is not the case. Considering the coronavirus pandemic and personnel complexities, next spring would be a highly-aggressive return target for the ever-on-the-brink league.
SOURCE: The Athletic
May 26, 2020, 5:19 PM ET

 

[AJ_2000]

I'd be stunned if someone put their hard earned cash in to this with the current global situation - unless you have some plan around keeping it running if there is a 2nd wave

 

[AJ_2000]

Unless it's to scoop up the merchandise rights for He Hate Me jerseys

 

[Exe Gesis]

Disney are currently favorites to win the bid for the XFL rights.

According to league officials, the sale of the XFL is moving forward without a hitch. The “Stalking Horse bid” is due tomorrow (23 July) and all other bids are due by July 30th. Soon we will know!

 

[Broken]

Disney! There goes any chance of the DC Defenders becoming the DC Redskins.

 

[AJ_2000]

Interesting with Disney. they've got the bucks and the platform. Plus they can rename every team.

Tampa Bay Dumbos , New York Aristocats, LA Baby Yoda's. St Louis Monsters Inc.

 

[A11dAtP0w3R]

Disney! There goes any chance of the DC Defenders becoming the DC Redskins.

DC Football Team has a nice ring to it.

 

[Exe Gesis]

Analyzing the potential buyers of the XFL - XFL News @ XFLBoard.com

Analyzing the potential buyers of the XFL, XFL News @ XFLBoard.com

xflboard.com

 

[Exe Gesis]

With XFL bids due Thursday, Fox and ESPN want changes to their broadcast deals

The XFL wants to pass along the TV contracts to the next owner, and the two networks have varied responses.

theathletic.com

 

[Broken]

Surely in this current covid climate the XFL has to be toast. How would any buyer be able to recoup their investment?

 

[drd23]

The Rock taking his role on Ballers a little bit too literally?

 

[Exe Gesis]

That was a very left field winner, didnt even think they were interested. Thank god it wasnt Disney. Questionable still if they can keep the league running for more than a year.