Vince McMahon is positioning the XFL as the MAGA league for those “red-blooded Americans” who are tired of the NFL. I am not sure if that is going to work, but the funding is huge, much more than initially thought.
Vince McMahon’s commitment to his new football league, the XFL, scheduled to kickoff in February 2020 is significantly larger than originally expected.
The WWE chairman, who began the funding of the league by selling approximately $100 million in WWE stock and putting into his wholly owned Alpha Entertainment, has informed insiders that he expects to spend closer to $500 million in the league’s first three seasons.
“People were focused on the $100 million, but the truth is that doesn’t even get us to the 20-yard line,” league CEO and commissioner Oliver Luck told ESPN, who accepted the job June 5, but starts at his office across the street from WWE headquarters in Stamford, Conn. on Monday.
McMahon just got an influx of new money from FOX and NBC-USA for new deals for Smackdown and RAW, but it will be curious to see what needs to be down to turn a profit in XFL.