Per ESPN XFL heads to the history books finished

[Throwin_Samoan]

XFL files for bankruptcy


https://sports.yahoo.com/xfl-files-bank ... 53709.html

While some of that is procedural (and, it is said, to try and absolve McMahon of some debts), it seems as though while COVID-19 certainly contributed to the XFL's demise, the league was burning through that supposed Vince nest egg.

[single wing]

XFL files for bankruptcy

While some of that is procedural (and, it is said, to try and absolve McMahon of some debts), it seems as though while COVID-19 certainly contributed to the XFL's demise, the league was burning through that supposed Vince nest egg.

Throwin Samoan You are exactly right.

This directly from the XFL chapter 11 filing... This explains they were losing their shirt right from the start.

The Debtor’s (XFL) year-to-date revenue through February 2020, encompassing the lead-up to the season and the first 3½ weeks of gameplay, was approximately $14 million. The Debtor’s net losses during this period totaled approximately $44 million, and as of the Petition Date, the Debtor’s cash on hand was approximately $5.6 million

[Throwin_Samoan]

HOLY COW.

Yeah, the startup costs are substantial, and they probably paid for a lot of stuff in that initial Jan - Feb. period. Once they had to start paying players and flying them around, the bills got way bigger.

It is simply too expensive to do an alternate football league - in any part of the calendar - without either a substantial TV contract (not likely) or patronage by the NFL itself (also not likely - no matter how many times people try to tell you how mission-critical it is that they develop backup left tackles, it isn't, not when Michigan and Alabama are doing it already, funded by boosters and student activity fees).

[lastcat3]

Looking back on it how good would you say the XFL teams were? Would the teams in the XFL been able to mop the floor with the likes of LSU, Clemson, or Alabama/Ohio St. or would it have been a pretty competitive matchup for an XFL team to go up against one of the better teams in college football? It is a little interesting to think about because the top college teams in the country probably had a handful of players with more talent than anybody in the XFL but they would have been younger and not as fine tuned as some of the players who had spent time in professional leagues.

[lastcat3]

HOLY COW.

Yeah, the startup costs are substantial, and they probably paid for a lot of stuff in that initial Jan - Feb. period. Once they had to start paying players and flying them around, the bills got way bigger.

It is simply too expensive to do an alternate football league - in any part of the calendar - without either a substantial TV contract (not likely) or patronage by the NFL itself (also not likely - no matter how many times people try to tell you how mission-critical it is that they develop backup left tackles, it isn't, not when Michigan and Alabama are doing it already, funded by boosters and student activity fees).

On other forums when people bring up that it would be beneficial for the NFL to pay for the XFL to be around to use as a developmental league I just say why in the world would they pay for something like that when college is developing them already and the NFL doesn't have to pay a dime for that. The players the NFL cuts more times than not are easily replaced by next years group of college athletes. As long as the NFL and college football keep that relationship going there is no reason for the NFL to invest any money into any other type of developmental league.

[lastcat3]

Looks like Oliver Luck is suing Mcmahon for the rest of the money owed on his contract. It seems Mcmahon fired Luck likely to try to avoid having to pay him the remainder of the money owed on his deal.

[TodMaher]

Looks like the CFL is next in line to go under.

https://www.winnipegfreepress.com/sport ... 66522.html

[lastcat3]

Looks like the CFL is next in line to go under.

https://www.winnipegfreepress.com/sport ... 66522.html

Huh. That would be surprising if it does as the CFL has been around for a long time and they havn't had a team go defunct since the mid '90's. Would also be sad if it did as a couple of its franchises have been around far longer than any NFL teams have (Toronto Argonauts have been around since 1873 and originated as a rugby team).

[ChrisBabcock]

Looks like the CFL is next in line to go under.

https://www.winnipegfreepress.com/sport ... 66522.html

Who else besides me thinks it would be gracious of the NFL to offer financial support?

[lastcat3]

Looks like the CFL is next in line to go under.

https://www.winnipegfreepress.com/sport ... 66522.html

Who else besides me thinks it would be gracious of the NFL to offer financial support?

Yep I think it would. The CFL in no way is in any type of competition with the NFL as they are simply providing a form of football for local fans in Canada who don't have any NFL teams. Where as you know the first thing the XFL would have done if they ended up becoming extremely popular is they would start snagging up top college talent and try to keep them away from the NFL.

Lol, if the NFL did help the CFL out though you know that would really piss off Vince Mcmahon and fans of the XFL. Lol, do it.