Vince McMahon planning to buy XFL out of bankruptcy?

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After having the XFL placed in bankruptcy, Vince McMahon could be looking to buy back his baby ... at pennies on the dollar.

The Athletic also reported that league president Jeffrey Pollack had been in contact with venues in Seattle and at the Dome at America's Center in St. Louis concerning the reinstatement of leases in those cities.

Kaplan writes that the XFL's creditors seem to believe that this is McMahon's plan, using bankruptcy to ride out the current economic turmoil and avoid costs of operating the league.

According to a report from The Athletic, there are some rumors that Vince McMahon declared bankruptcy on the XFL because he wants to buy it back for cheap later!

If this is agreed upon then it would allow McMahon to escape debt that the league has following the inaugural season and if started up again after the coronavirus outbreak is over then it would have a clean slate.

The XFL, 80 percent owned by McMahon through Alpha Entertainment and 20 percent by his WWE empire, launched February 7 and lasted five weeks before shutting down because of the COVID-19 pandemic.

The creditors noted that the payment "is being sought to further the efforts of the debtor's controlling equity holder/secured lender, Vincent acquire the debtor at a fire-sale price". In the meantime, all of the original creditors are screwed and McMahon doesn't have to pay them with the bankruptcy filing.

As many of you know by now, XFL Commissioner Oliver Luck is suing Vince McMahon for wrongful termination.

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