XFL Files For Bankruptcy - Report
After a shortened first season, WWE Chairman Vince McMahon's football league reboot is dead.
It was reported late last week that the XFL, the football league launched by WWE chairman Vince McMahon, has suspended operations, laid-off employees, and had no plan to return for another season. Now, it's being reported that the league has filed for bankruptcy. This all comes after the XFL cut its inaugural season short due to the COVID-19 (coronavirus) pandemic.
News of the bankruptcy filing was first noted by The Hollywood Reporter senior editor Eric Gardner, who shared the filing on Twitter. The documents note Alpha Entertainment LLC, the company that owns the XFL, is filing for Chapter 11 Bankruptcy, with McMahon appointed as one of the two "liquidating agents" that wrap up the company's business affairs.
This was the second attempt to launch the XFL. McMahon originally launched the league in 2001, with it folding after the first season. In 2018, the revival was announced, with the first game taking place on February 8, 2020. Little more than a month later, on March 12, the league canceled its remaining games, joining the NBA, MLB, NHL, and MLS in suspending or canceling its seasons. Additionally, the NCAA canceled the 2020 March Madness tournament.
The league has yet to publicly discuss shuttering operations. However, the XFL's official Twitter account seemingly references the end of the league with a puzzling tweet that was a video of actor Jake Gyllenhaal blowing a kiss as he walked out of a room. It remains the final thing the account has tweeted.
While the XFL won't be continuing, McMahon's other venture--WWE--is still producing weekly television. After holding Wrestlemania in front of no live audience, the company will be broadcasting its TV programming live from the WWE Performance Center.
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