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Vince McMahon’s XFL Files for Bankruptcy Amid Pandemic Shutdown – Variety

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Vince McMahon’s XFL has filed for Chapter 11 chapter, a transfer that had been anticipated after the startup soccer league was compelled to chop quick its comeback season amid the coronavirus lockdown.

In a Delaware chapter courtroom submitting, the XFL listed $10 million-$50 million in money owed and an equal quantity in belongings. When the XFL ended its season final month, the league vowed to pay all participant salaries for the 2020 season and that it will play “a full season in 2021 and future years.”

WWE chief McMahon controls the XFL as a non-public entity. WWE, the publicly held wrestling empire that McMahon controls, owns a 23.5% stake in XFL.

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