Published 15:30 IST, April 22nd 2020
Oliver Luck sues Vince McMahon for wrongful termination of XFL contract post bankruptcy
Former XFL commissioner Oliver Luck files lawsuit against WWE CEO Vince McMahon for wrongful termination of his contract after the league filed for bankruptcy
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WWE CEO Vince McMahon has been grabbing headlines for a variety of reasons over past few weeks. After finding a loophole that qualifies WWE as an essential business tycoon kept show running despite displeasure of wrestlers on board. He was also appointed to an advisory panel by US President Donald Trump to discuss possibility of resuming American sports amidst coronavirus pandemic. coronavirus pandemic also saw rebooted XFL file for bankruptcy post cancellation of league and commissioner Oliver Luck has sued Vince McMahon citing wrongful termination. Here's a look at Oliver Luck lawsuit in response to XFL bankruptcy.
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Oliver Luck sues Vince McMahon for wrongful termination
Oliver Luck is a well-regarded sports administrator and was appointed as XFL commissioner on a multi-year contract. dams sought in Oliver Luck lawsuit are unspecified, however, according to reports, Luck signed a five-year contract worth between $20-$25 million when league launched in 2019. Oliver Luck lawsuit is heavily censored to protect confidential contract information.
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Oliver Luck sues Vince McMahon: What happened to XFL? XFL bankruptcy case
WWE CEO Vince McMahon re-launched a rebooted XFL 19 years after it's initial launch. XFL was an eight-team American football league divided equally between East and West divisions and operated after NFL season's conclusion. XFL operated as a single entity with all teams owned by league, unlike or professional leagues where individual franchisees have individual owners. XFL drew solid TV ratings early on and boasted of broadcast deals with ESPN and Fox. So, what happened to XFL? 2020 XFL season was cancelled because of coronavirus pandemic midway through its return season. It suspended operations and laid off its employees late last week.
Also Read: Tyson Fury Trolls Deontay Wilder On Instagram With Throwback Post, American Pie Reference
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Oliver Luck sues Vince McMahon: Did XFL terminate Luck's contract a day before bankruptcy?
Oliver Luck lawsuit claims that XFL terminated commissioner's contract a day before filing for bankruptcy on April 9. lawsuit against McMahon indicates an appeal in bankruptcy court to reject many executive contracts, and court agreed, which is part of why Luck is suing Vince directly. Vince McMahon had earlier pledge to fund XFL 2.0 with his own money which is ar reason for Oliver Luck lawsuit according to Darren Rovell of Action Network. However, sports lawyer Darren Heitner did t seem optimistic about Oliver Luck's chances considering he did t have a contract with McMahon directly.
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15:30 IST, April 22nd 2020