Don’t look at us, like that. We wanted something other than COVID-19 news to post and this is as close as it gets at the moment.
The XFL 2.0 lasted even shorter than the XFL 1.0.
The football league owned by WWE CEO Vince McMahon didn’t even make it through the inaugural season before shutting the doors. Granted, initially it was due to the pandemic, but Friday it was announced that operations had ceased and that all office staff had been laid off. And then Monday, the XFL filed for Chapter 11 bankruptcy.
Filings showed assets between $10-50 million dollars and that they owed $14 million to debtors, including their head coaches.
“The XFL quickly captured the hearts and imaginations of millions of people who love football. Unfortunately, as a new enterprise, we were not insulated from the harsh economic impacts and uncertainties caused by the COVID-19 crisis,” the league said in a statement. “Accordingly, we have filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code. This is a heartbreaking time for many, including our passionate fans, players and staff, and we are thankful to them, our television partners, and the many Americans who rallied to the XFL for the love of football.”
The league suspended play after five games, with five more and a four-team playoff unplayed. The first XFL, played in the spring of 2001, managed to play a full season before the plug was pulled.
Who wants to start a Kickstarter to buy it?
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