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BREAKING NEWS: XFL Files For Bankruptcy

XFL 2020

• ON THIS DAY IN WWF HISTORY (April 13, 1985) – WWF All-Star Wrestling

On this day in 1985, the World Wrestling Federation aired another episode of their weekly TV show ‘WWF All-Star Wrestling’.

This episode was taped at the Brantford Civic Centre in Brantford, Ontario, Canada and included matches & interviews featuring the 1985 WWF Superstars.

You can find the card below:

Gino Carabello vs Junkyard Dog

Yvon Laverdure vs “Magnificent” Don Muraco

Doc Butler vs David Sammartino

Ron Hutchinson vs Bret Hart

Moondog Spot & “No 1 Frenchman” Rene Goulet vs Ricky Steamboat & Tito Santana

• BREAKING NEWS: XFL Files For Bankruptcy

As we noted a few days back, XFL COO Jeffery Pollock revealed during a conference that XFL is set to cease all operations immediately because of the COVID-19 pandemic, and won’t return for the 2021 season.

Major employees of XFL were let go and fans will get a refund for their 2021 tickets.

In an update to this, XFL (owned by WWE CEO Vince McMahon’s Alpha Entertainment) has filed for chapter 11 bankruptcy.

Below is what Eric Fisher of SportBusiness Group is reporting about this:

“The XFL has gone down, and gone down hard – today there was a Chapter 11 bankruptcy filing in Delaware.

Assets/liabilities both listed in $10-50m range. Lot of pain out there in a lot of different places, but this is still such a sweeping turn of events from where they were…

Vince McMahon had 100 pct of the XFL’s Class A shares. He also had 76.5% of the Class B shares, with WWE holding the rest.”

Darren Rovell posted the following about this:

“BREAKING: XFL files for bankruptcy. N bankruptcy filing reveals that WWE actually does own part of league (23.5% of Class B stock). Among the creditors — Bob Stoops ($1M), Marc Trestman ($777K), Ticketmaster ($655K), other coaches ($583K) and MetLife Stadium lease ($368K).”

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