-

Vince McMahon investing nearly $500 million to relaunch the XFL

ESPN.COM is reporting that Vince McMahon will be looking at spending up to $500 million in the relaunch of the XFL, way more than the $100 million originally invested into Alpha Entertainment.

The $100 million funding came from selling WWE stocks and putting it into his new venture that acts as the parent company of the XFL. Talking to informed insiders, ESPN says that the first three seasons of the XFL will cost nearly $500 million according to projections.

“People were focused on the $100 million, but the truth is that doesn’t even get us to the 20-yard line,” XFL Commissioner Oliver Luck told ESPN. The XFL offices will be across the street from the WWE HQ and Luck starts his Commissioner job on Monday.

The XFL is planned for a 2020 return.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

BLVD Las Vegas to host two free meet and greets

BLVD Las Vegas, the newest building on the Strip, is hosting two free meet and greets this week for...

Minute Maid to serve as Official Juice Partner of WWE in new multi-year deal

Minute Maid and WWE today announced the next chapter of their partnership, building on strong fan momentum with expanded...

Cody Rhodes appears as Guile with Street Fighter cast at CinemaCon in Las Vegas

Just because WrestleMania and the NAB Conference are in Las Vegas at the same time this weekend, it doesn't...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading