-

WWE acquires minority equity in XFL’s parent company

In the latest 10-Q quarterly report filed with the United States Securities and Exchange Commission, it was noted that WWE has acquired a minority equity interest in Alpha Entertainment LLC, the Vince McMahon-owned company which serves as the parent company of the XFL.

The filing specifically says that this equity interest in Alpha Entertainment LLC came without payment or other financial obligation on the part of WWE. The agreement is dated April 3, 2018.

The XFL was brought back to life by Vince McMahon during a press conference held on January 25 using the WWE virtual studios in Stamford, Connecticut. McMahon sold over $100 million worth of WWE stocks to fund his new company and said that the football league will launch in 2020.


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

Impact rating for 05/28/2026

Impact last Thursday on AMC drew 195,000 viewers, up 17,000 viewers from the prior week. The show had a...

2026 NXT Great American Bash PLE to take place on June 28

Shawn Michaels announced that NXT's The Great American Bash will take place on Sunday, June 28. This will be the...

Nikki Bella shares failed pitch “Ciao Bella” promo idea for Clash in Italy

On today’s episode of SiriusXM’s The Nikki and Brie Show, Nikki Garcia talks about her “Ciao Bella” WWE pitch. During...

Discover more from Wrestling-Online.com

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

Continue reading