SI.com · Apr 13, 2020
XFL Files for Bankruptcy
The XFL has filed for bankruptcy just three days after suspending operations and laying off nearly its entire staff. The Chapter 11 bankruptcy filing listed both assets and liabilities in the range of $10 million to $50 million.
The XFL is owned by WWE CEO and president Vince McMahon and Alpha Entertainment. The filing showed that the football league was owned in part by the WWE with 23.5% of Class B stock.
Coach Bob Stoops and Marc Trestman are among the top eight creditors listed. Stoops had the third-largest unsecured claim with $1,083,333.33 shown.