Entertainment NewsCoronavirus: XFL Files for Bankruptcy

Coronavirus: XFL Files for Bankruptcy

Date:

Vince McMahon’s XFL has filed for Chapter 11 bankruptcy.

XFL had their first debut season and it was the second time a launching a spring professional football league. The league shut down amid the coronavirus pandemic in late March. The XFL listed between $10 million and $50 million in debts and an equal amount in assets, according to a Delaware bankruptcy court filing.

Last week, the league reported it would shut down operations and lay off everyone except their top executives. According to ESPN, staffers were informed of the decision in a conference call on Friday that they would be paid through the end of the regular season, which was scheduled to end on Monday.

History of the XFL

The 2020 XFL season is the second attempt by WWE chairman McMahon to start a spring professional football league. The first attempt took place in 2001.

The league had a good start averaging more than 3 million viewers. But ratings would fall thereafter. On March 20, the league ended its season early due to the Coronavirus.

McMahon revealed plans to start the XFL in January 2018, with a  “shorter, fast-paced games and a family-friendly environment.” The original XFL season had horrible TV ratings and even worse plays.

Continue Reading:

Coronavirus: ‘Guardians of the Galaxy Vol. 3’ Will Still Film in Atlanta This September

James Gunn reveals ‘Guardians of the Galaxy 3’ production is not delayed due to the Coronavirus outbreak. The director of the upcoming ‘Guardians of the Galaxy’ movie and ‘The Suicide Squad’, James Gunn, reveals that…

‘Grey’s Anatomy’ Ellen Pompeo Says the Coronavirus is “Heartbreaking”

Ellen Pompeo may play a doctor on television on the hit ABC medical drama, ‘Grey’s Anatomy’ but, that does not mean she does not care about medical professionals fighting the Coronavirus outbreak. On Friday, Ellen…

‘Batman’ Director on How the Coronavirus is Impacting Filming

‘Batman’ director Matt Reeves explains how the Coronavirus is impacting the production of the upcoming dark crusader movie. As we previously reported, Warner Bros. shut down the production of Robert Pattinson’s ‘Batman’ due to the…

spot_img
Megan Diane
Megan Dianehttps://www.projectcasting.com
Hi, I'm Megan Browne, the Head of Partnerships at Project Casting - a job board for the entertainment industry. As Head of Partnerships, I help businesses find the best talent for their influencer campaigns, photo shoots, and film productions. Creating these partnerships has enabled me to help businesses scale and reach their true potential. I'm excited to continue driving growth by connecting people with projects they're passionate about.

Share post:

Popular

spot_img

More like this
Related

How to Get Cast in a ‘Spider-Man’ Movie

The secret to making it to the silver screen,...

How to Get Cast on MTV’s ‘Catfish

Exploring new opportunities in showbiz can be both exciting...

How to Get Cast on HBO’s ‘True Detective’

Acquiring a dream role on HBO’s popular series, ‘True...

How to Get Cast on Netflix’s ‘Wednesday’

Have you ever fantasized about appearing on the widely...