-

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.

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

FOX exiting wrestling business after NBCU scoops up Smackdown

FOX is exiting the wrestling business just five years after entering a partnership with WWE to broadcast Smackdown on...

Shelton Benjamin and Dolph Ziggler released from WWE

Shelton Benjamin and Dolph Ziggler have been released from WWE as well according to Fightful. Benjamin started his WWE career...

Aliyah, Elias, Riddick Moss, and Top Dolla all released from WWE

Aliyah, Elias, Riddick Moss, and Top Dolla have been released from WWE as the trimming of the roster continues. "As...
spot_img