The XFL Files for Bankruptcy After Canceling Season

In its Chapter 11 bankruptcy filing, Alpha Entertainment said that it had liabilities of between $10 million and $50 million, and that it had 1,000 to 5,000 creditors. It also listed assets of between $10 million and $50 million.

“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 XFL said in its statement Monday.

Oliver Luck, who served as the league’s commissioner and is the father of the former Indianapolis Colts quarterback Andrew Luck, declined to comment through a spokesperson.

The new version of the XFL featured eight teams that were strategically placed in cities that had strong football fan bases. The teams played in some N.F.L. stadiums in places like Seattle, Tampa Bay, Fla., and East Rutherford, N.J.

The XFL created rules that differed from the N.F.L.’s, including a policy to make kickoffs safer by allowing only the kicker and returner to move before the ball was caught. Every game was set to be televised, and players did interviews during games.

Article source: https://www.nytimes.com/2020/04/13/sports/football/xfl-bankruptcy-vince-mcmahon.html