🏈 XFL Football Thread 🏈

Originally posted by TheGore49er:

Originally posted by OnTheClock:

Originally posted by TheGore49er:

https://theathletic.com/1824702/2020/05/19/is-vince-mcmahon-trying-to-covertly-buy-his-own-bankrupt-xfl/

if true, what a piece of s**t.

Not understanding what's going on here. Explain.

Vince McMahon could be looking to buy back his baby … at pennies on the dollar.

The Athletic is reporting the WWE boss is looking to purchase his fledgling league out of bankruptcy. McMahon is looking to buy back the XFL at a "fire-sale price," says the report.

Why?

… in a series of court filings, the XFL's unsecured creditors expressed concern that the league declaring bankruptcy could've been a "cutthroat finance ploy by McMahon to ride out the (coronavirus) pandemic and resultant economic turmoil without paying the costs of operating the league … (and re-acquire) the debtor at a fire-sale price."

McMahon has also been sued for North of $23 million by Commissioner Oliver Luck, who was fired.

it's a pretty a*****e move of him to not pay all those people and now rebuy it back for a much cheaper price.

hopefully someone else saw the potential with the XFL and can buy it instead of Vince.

Originally posted by OnTheClock:

Originally posted by TheGore49er:

Originally posted by OnTheClock:

Originally posted by TheGore49er:

https://theathletic.com/1824702/2020/05/19/is-vince-mcmahon-trying-to-covertly-buy-his-own-bankrupt-xfl/

if true, what a piece of s**t.

Not understanding what's going on here. Explain.

Vince McMahon could be looking to buy back his baby … at pennies on the dollar.

The Athletic is reporting the WWE boss is looking to purchase his fledgling league out of bankruptcy. McMahon is looking to buy back the XFL at a "fire-sale price," says the report.

Why?

… in a series of court filings, the XFL's unsecured creditors expressed concern that the league declaring bankruptcy could've been a "cutthroat finance ploy by McMahon to ride out the (coronavirus) pandemic and resultant economic turmoil without paying the costs of operating the league … (and re-acquire) the debtor at a fire-sale price."

McMahon has also been sued for North of $23 million by Commissioner Oliver Luck, who was fired.

it's a pretty a*****e move of him to not pay all those people and now rebuy it back for a much cheaper price.

hopefully someone else saw the potential with the XFL and can buy it instead of Vince.

That's some evil genius type of stuff right there. Wow. Financially smart? Sure. Ethical? Uh. Not exactly.

Originally posted by Hysterikal:

Shady move by Vince but if that was the only way to keep the XFL going for the future then it was a necessary move.

Originally posted by JustinMT:

Not when it costs you a great, stable commissioner who actually knows how to run a league. I bet he's gonna hire a puppet to run it and it'll fall on its face once more.

Originally posted by NONAME:

Originally posted by JustinMT:
Not when it costs you a great, stable commissioner who actually knows how to run a league. I bet he's gonna hire a puppet to run it and it'll fall on its face once more.

Next man up. Vince is pathetic for this but if it works out he saved $$. He did typically Trump stuff and it works

Originally posted by jrg:

Originally posted by NONAME:

Originally posted by JustinMT:
Not when it costs you a great, stable commissioner who actually knows how to run a league. I bet he's gonna hire a puppet to run it and it'll fall on its face once more.

Next man up. Vince is pathetic for this but if it works out he saved $$. He did typically Trump stuff and it works

Originally posted by NONAME:

Originally posted by blizzuntz:

According to Dan Primack of Axios.com, the XFL is searching for a buyer, with investment bank Houlihan Lokey managing the process. Letters of intent are due by June 12, with formal bids due by July 6.

The XFL claims that it would have generated $46 million in revenue during the 2020 season, which was cut short due to the pandemic. The games had average attendance of 20,000, along with 1.9 million average viewers during TV broadcasts of the games.

I still don't get why they gave up. Yes coronavirus f**ked things up but it was looking good and attendance was increasing every week. Hope AEW Tony buys it. That would be epic

Originally posted by VaBeachNiner:

Not sure why everyone is mad about Vince's tactics. He's been doing this since he created the WWF and shutdown majority of the wrestling territories back in the day.