Report: XFL files for bankruptcy
The XFL has filed for Chapter 11 bankruptcy, according to a report from Eriq Gardner of The Hollywood Reporter. The news comes after the league was forced to shut down operations as the COVID-19 pandemic exploded across the United States.
Last week, the XFL announced that it had suspended all operations and laid off all employees as a result of the pandemic. The league had completed five weeks of its 10-game schedule during its inaugural season.
In a statement on its website shortly after it suspended operations and canceled remaining games, the XFL said it was committed to playing the 2021 season. With the recent report, however, that seems very unlikely.
— Eriq Gardner (@eriqgardner) April 13, 2020
Vince McMahon, the CEO/president of WWE and owner of the XFL, was giving the league a second try. It had initially launched 2001 and folded following just one season. This time, however, the circumstances regarding the league’s cancellation were much different and unavoidable.
The Houston RoughNecks were the best team in the league when operations were suspended, finishing with a 5-0 record.