Many of us are old enough to remember the XFL right? The new millennium equivalent to the USFL that seemed destined to compete with the NFL juggernaut. You may have been old enough to remember but if you blinked, you might have missed it. It was AWESOME! And then it was GONE!
The XFL debuted in 2001 and subsequently folded that same year. It was ran as a joint venture between the World Wrestling Federation and NBC. The XFL was conceived as a football league that would take place during the NFL off-season, and promoted as having fewer rules and encouraging rougher play than other major leagues. The league had eight teams in two divisions, including major markets and those not directly served by the NFL, including Los Angles, Las Vegas, Memphis, and Orlando. The XFL operated as a single entity, meaning all teams were centrally owned by the league.
If anyone knows how to promote a venture, it most certainly is Vince McMahon. The WWE has a combined net worth of over 2 billion dollars. McMahon owns a 52% stake in the company, valued at 1.1 billion dollars. His overall net worth is just over $1.5 billion.
Less than a week after a WWE spokesman issued a statement to Deadspin that left the door open for the return of the defunct professional football league, McMahon and his new, self-funded Alpha Entertainment venture have taken over filings for five different trademarks of “XFL,” ESPN’s Darren Rovell reported Thursday.
McMahon has also completed a sale of 3.34 million WWE shares, approximately $100 million worth to help fund his Alpha Entertainment company amid his alleged pursuit of a new XFL league.
But amid all this hoopla about the XFL, Vince McMahon did say that the XFL was a “colossal failure.”
Maybe. Maybe not. Orrrrrrrrr maybe…
Is Vince McMahon securing funds to make a run at buying the Carolina Panthers? The 72 year old businessman was born in Pinehurst, North Carolina so the connection is there on a fundamental level. He and Jerry Jones are close friends and Jerry is probably the one owner you want to rub elbows with if you want something done in the league. Just ask Mark Davis.
Now, it’s highly unlikely that Vince can purchase this franchise on his own and I don’t believe that the other 31 owners are open to an organized collective as the 32nd “owner”. So McMahon’s play would have to get a group of investors to fund the capitol but let Vince be the mouthpiece. I could see the other owners in the league being more receptive to this agreement.
Is Vince capable of running the Panthers and the WWE at the same time? I think so.
McMahon himself has yet to address rumors of an XFL comeback or a Panther’s purchase, but it’s already been reported earlier, WWE’s statement that McMahon might have an official announcement on a revived XFL as soon as Jan. 25, 2018.
Time will tell on this story, but one thing is for certain…
Vince won’t be signing Colin Kaepernick to an NFL contract anytime soon.
We shall see.
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