By Connor Casey – April 13, 2020 05:27 pm EDT Share 0 Comments 0 The XFL officially filed for Chapter 11 bankruptcy this week after its 2020 comeback season was forced to end early due to the coronavirus pandemic. The league listed in a Delaware bankruptcy court filing $10-$50 million in debts and equal amounts in assets.Check out the full details on the filing below. XFL has filed for Chapter 11 bankruptcy listing both assets and liabilities in the range of $10-50 million. There is a breakdown of ownership with WWE listed in control of 23.5% of Class B shares with the rest held by Vince McMahon. Attached are the top eight creditors. pic.twitter.com/BNsgV1NEKt — John Pollock (@iamjohnpollock) April 13, 2020 Vince McMahon, the Chairman and CEO of WWE, opted to re-launch the league under his new organization Alpha Entertainment following its lone season in 2001. The league, which consisted of eight teams in Dallas, Houston, Los Angeles, Seattle, Washington D.C., New York, St. Louis and Tampa, was shut down five weeks into the 2020 season. The league suspended day-to-day operations and laid off all employees on April 10. While it did initially plan to return in 2021, CEO Jeffrey… Read full this story
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