XFL DTS

MR.CLEAN

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Almost exactly 19 years after his first failed attempt at creating an alternative to the NFL, today Vince McMahon's XFL filed for chapter 11 bankruptcy protection for somewhere between $10M and $50M in debt.  XFL's ratings never saw a gain after a strong debut, seeing week-on-week declines for its short life and shedding most of its audience by the final weeks.  It would never survive another year, and the coronavirus gave McMahon a great excuse to stop burning through cash on what clearly wasn't working.  It saves him from from a shareholder suit for losing untold millions on a vanity play.

McMahon apparently owns the majority of the company with the WWE holding a minority share.  Last time around, NBC and the WWF both lost $35 million.  I wonder what McMahon lost this time.  Obviously his coaches, players, the networks, and local arena owners (usually cities) that he owes millions to will get pennies on the dollar thanks to his shitty idea, execution, and management. 

https://www.latimes.com/sports/story/2020-04-13/xfl-files-for-bankruptcy-vince-mcmahon

 

Marcjsmith

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Its like gambling.  you are taking a chance.  no one put a gun to the head of the coaches, players, networks or arena owners to participate in his game.  

He's had a few failed ventures...  hell the XFL failed once already...  cant really imagine that it would have been great idea the second time around.

who knows.  maybe third times the charm...in another 20 years..

 

MR.CLEAN

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Its like gambling.  you are taking a chance.  no one put a gun to the head of the coaches, players, networks or arena owners to participate in his game.  

He's had a few failed ventures...  hell the XFL failed once already...  cant really imagine that it would have been great idea the second time around.

who knows.  maybe third times the charm...in another 20 years..
He'll probably still be shredded and jumping off the ropes

 
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NeedAClew

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But wait!  All is not lost.  The lovely Linda McM quit being SBA Administrator to chair the big Trump PAC

https://www.politico.com/story/2019/03/29/linda-mcmahon-to-resign-as-head-of-small-business-administration-1243495

and lo and behold...

wrasslin' is an ESSENTIAL INDUSTRY in Florida! 

"essential services under the executive order includes employees in professional sports and media production with a national audience, only if the location is closed to the general public."

So Vince and Linda's WWE can proceed without f2f audiences. 

https://www.cbsnews.com/news/wwe-essential-business-in-florida-during-coroanvirus-governor-ron-desantis-says-will-resume-live-wrestling-matches/

Now IIRC, the lovely Larry, complete with pretty new reworked face and no giant thing on it anymore, let T use his Pork Creek place to raise over $7M.  So maybe SGP will be deemed an essential industry too and they can race in Florida, too if only they can find teams willing to do that.  Or maybe it can be like American Gladiator with amateurs trying out....it is Florida after all and gator wrestlers may be out of work.

 
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MR.CLEAN

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My impression is that these alternative football leagues were hoping to be picked up by the NFL as player development leagues. 
There is no "these" leagues. There was one new, expensive, loud effort launched just when it looked like all the Trumpies were going to abandon the NFL wholesale and need a new place to get their fix of man on man violence. It was aimed square at the NFLs nuts and aimed with iron sights made out of McMahon's ego.

 

Rum Runner

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There is no "these" leagues. There was one new, expensive, loud effort launched just when it looked like all the Trumpies were going to abandon the NFL wholesale and need a new place to get their fix of man on man violence. It was aimed square at the NFLs nuts and aimed with iron sights made out of McMahon's ego.
XFL was just another concussion factory which preyed on poor athletes who hoped they would make it to the "big time".  Unfortunately this just means that we will have a lot more people growing old with brain injuries and arthritic joints who were exploited by the one per-centers.

Maybe I am too cynical about pro football but I have known a number of former players and most say they don't want their kids to go through what they have or are currently going through.

 

Sol Rosenberg

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Burning Man

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McMahon apparently owns the majority of the company with the WWE holding a minority share.  Last time around, NBC and the WWF both lost $35 million.  I wonder what McMahon lost this time.  Obviously his coaches, players, the networks, and local arena owners (usually cities) that he owes millions to will get pennies on the dollar thanks to his shitty idea, execution, and management. 
And yet they bought into his shitty idea in the first place.  

 

Burning Man

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And yet they bought into his shitty idea in the first place.  
They bought into not being paid? Imagine if billionaire Jim McMahon had to follow the bankruptcy rules college students do.
Don't change the subject.  You said it was a shitty idea in addition to the shity execution and management.  Obviously they bought into the original shitty idea.  The not getting paid part falls under the shitty execution and management.  

 
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