XFL Suspending Operations & All Employees Laid Off

Kliq

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Mar 31, 2013
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Vince was supposed to have enough money earmarked for I believe three years of operation. At first glance, I would assume that they are just laying people off during the down period and plan on resuming operations later.

However, WWE's stock has already fallen off a cliff in 2020 and the company is going to get hit even further due to a loss of WrestleMania revenue and the likely loss of one of the blood money shows in Saudi Arabia, so Vince is in a different financial situation then when he first relaunched the league.
 

8slim

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In all fairness this isnt a situation where they fucked it up as much as the world changed on them and they had no ability to do anything about it
Yeah, the league seemed to be fledgling along well enough in its first few weeks. A few cities were really turning out, attendance-wise. Blame it on the Corona.
 

riboflav

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It's too bad. My son and I enjoyed watching it especially because you could listen in on the coach/qb communications.
 

Awesome Fossum

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Really tough break for them (along with the rest of us). It was a lot of fun while it lasted.

I was super impressed with Oliver Luck. If I were an NFL team -- especially one with a compromised brand like the Redskins -- he'd be my target for team president.
 

Kliq

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Mar 31, 2013
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They swear they're coming back.
No 2021 season though. Which means 2022 at the earliest, and then you are still talking about a league without a lucrative enough TV deal to break even, so you are taking on more losses during a time when nobody knows what the financial atmosphere is going to be like, in hopes of landing a big TV deal I guess for the 2023 season.

A big factor it appears in this is that the era of networks handing out massive deals to sports leagues may be coming to an end. Established brands like NFL, NBA, MLB, etc. will be fine, but not sure if networks are going to gamble big on an umproven product. That is why Meltzer mentioned that Jan. deal with Turner being massive for AEW, they would have never gotten that kind of deal a few months later.
 

Awesome Fossum

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That's from March 12 and was probably a true position at the time. I wouldn't put any stock in it on April 10, with nearly the entire workforce laid off and the Commissioner MIA.
 

mauidano

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Aug 21, 2006
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Hey Vince! Too bad Linda left her gig at the Small Biz Admin. to go head up your pal's super Pac.

Really; who didn't see this coming? The Curse of Trump.
 

Ale Xander

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Oct 31, 2013
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