MarkNelson wrote: ↑
Tue Apr 21, 2020 3:17 pm
I am ashamed that I wrote an article that said Vince McMahon always pays his bills.
Come on who pays a guy 5 years for 2 years work. Its called Out-Of-Business.
The OL contract was with XFL (Alpha) not VM, no one is paying that.
If he got paid for work thru 4/9 like everyone else - that's what he deserves. That's what Chapter 11 is about.
Going out of biz sux - for all. By saying its for "cause" the XFL gets any proceeds from the sale of assets and that could be used for other creditors or revive the league. If OL is losses the VM case he could sue XFL for firing over "cause" and be listed as a creditor which would then go to Chap 11 for relief like all the coaches. And likely be removed.
https://www.actionnetwork.com/xfl/xfl-o ... ren-rovell
>> Luck, as well as other top executives, were missing from the XFL’s bankruptcy filing on April 13. Luck’s suit notes that he was never listed as a creditor because Alpha Entertainment, McMahon’s entity, filed to reject many executive contracts at the same time as filing their petition.
Sources say the bankruptcy court approved the rejecting of those contracts, which meant that Luck’s only recourse was to sue McMahon.
“The to-be-expected motion to dismiss from McMahon and the response will be interesting from a legal perspective,” said Darren Heitner, sports lawyer and founder of Heitner Legal. “Luck’s contract was not with McMahon personally. Will the court be convinced that McMahon’s pledge to provide his own money adds personal liability? Seems to be a stretch.”
Former XFL coaches Bob Stoops ($1.083 million), Marc Trestman ($777,777), the Jonathan Hayes ($633,333) and others ($583,333 each) were listed as creditors in the XFL’s bankruptcy filing.
When reached by The Action Network, Luck’s attorney Paul Dobrowski declined comment. <<