Is Vince McMahon trying to buy back the bankrupt XFL?
May be deemed as one of the most incredible sports business moves in recent history.
Vince McMahon may be having second thoughts about giving up his XFL dream, as there has been reports he has been making inquiries about re-instating lease agreements in some XFL cities.
According to a recent story in The Athletic, the XFL has reached out to at least the Seattle and St. Louis markets about reinstating lease agreements.
It is possible that McMahon may be trying to purchase the XFL, which he currently owns through Alpha Entertainment and the WWE, from the Delaware bankruptcy court that is working to deal off the league to the highest bidder.
It was also reported that XFL president Jeffrey Pollack is still employed by the league, and that XFL headquarters remain at least partially open. However, McMahon would have to revive the league without its commissioner Oliver Luck, who has been fired and is the midst of an ugly wrongful dismissal lawsuit.
The XFL did refund all fans who had purchased tickets, which could be seen as a goodwill gesture to fans who may be asked to come back to league once pandemic concerns are alleviated.
If McMahon is indeed interested in reviving the XFL, and succeeds in doing so through a bankruptcy purchase, it may be deemed as one of the most incredible sports business moves in recent history.