How much did Vince McMahon invest in XFL? XFL files for bankruptcy after laying off staff

coronavirus pandemic saw XFL slip into bankruptcy, potentially spelling end of second edition of American football league. eight-team football league was first started by WWE CEO McMahon in 2001 before returning with a new season in 2020, which was halted midway due to coronavirus pandemic. Here is a look at how much did Vince McMahon invest in XFL, XFL bankruptcy case and Vince McMahon net worth figure.

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Vince McMahon XFL bankruptcy: How much did Vince McMahon invest in XFL?

XFL was an eight-team American football league divided equally between  East and West divisions and operated after NFL season ends.  XFL operated as a single entity with all teams owned by league, unlike or professional leagues where individual franchises have individual owners. So how much did Vince McMahon invest in XFL? ESPN had reported in 2018 that McMahon was expected to spend $500 million in reboot league’s first three seasons. Multiple reports suggested that Vince McMahon was set to lose a steep $375 million figure in first three years of XFL relaunch. 

Also Read: XFL Files For Bankruptcy, Cites COVID-19 Crisis

Vince McMahon XFL Bankruptcy: How much did Vince McMahon invest in XFL?

XFL 2020 season was cancelled because of coronavirus pandemic midway through its return season. It suspended operations and laid off its employees on Friday. Later,  XFL bankruptcy news broke out and league in a statement stated that coronavirus was t sole reason for debacle. XFL drew solid TV ratings early on and boasted of broadcast deals with ESPN and Fox. However, like Alliance of American Football was shut midway through its inaugural season, XFL also saw same fate. 

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How much did Vince McMahon invest in XFL? Vince McMahon net worth

Vince McMahon is majority proprietor, chairman and CEO of WWE, and founder and owner of Alpha Entertainment, which is holding company of  XFL. Vince McMahon net worth figure currently stands at a staggering $1.9 billion (₹14.5 billion) according to Forbes. McMahon's WWE rakes in $1 billion in annual revenue according to Forbes and is linked with a move to take over Premier League club Newcastle United. 

Disclaimer: above Vince McMahon net worth information and XFL stake information is sourced from various websites and media reports. website does t guarantee a 100% accuracy of figures.

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