Post by MartianBearsFan on Jun 30, 2018 5:54:33 GMT -6
Vince McMahon is reportedly spending a fortune on the new XFL
When the new XFL was announced — right now you’re saying, “Oh that’s right! I totally forgot about that whole XFL thing!” — part of the story was that Vince McMahon had cashed in $100 million of his WWE stock for the new football league.
And $100 million would have been a major financial commitment. It was actually just a taste.
ESPN’s Darren Rovell reported that McMahon has told people he actually plans to spend $500 million on the new football league. Mr. McMahon isn’t playing around.
McMahon is making a massive investment into the XFL
While McMahon’s WWE empire allows him to take a half-billion dollar gamble on football, it’s a sign of how serious he is about making the XFL work this time.
The first time the XFL debuted, it started great and fizzled fast. The league didn’t seem to know how to turn the ship back around, and couldn’t overcome its fatal flaw of lousy play on the field.
Most startup businesses need funding and patience. The XFL, which is slated to start in 2020 as one of two new start-up leagues planning to enter the market, seems to have both this time around.
“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.
Read More: sports.yahoo.com/vince-mcmahon-reportedly-spending-fortune-new-xfl-195856521.html
I wasn't sure to where to place this article....
When the new XFL was announced — right now you’re saying, “Oh that’s right! I totally forgot about that whole XFL thing!” — part of the story was that Vince McMahon had cashed in $100 million of his WWE stock for the new football league.
And $100 million would have been a major financial commitment. It was actually just a taste.
ESPN’s Darren Rovell reported that McMahon has told people he actually plans to spend $500 million on the new football league. Mr. McMahon isn’t playing around.
McMahon is making a massive investment into the XFL
While McMahon’s WWE empire allows him to take a half-billion dollar gamble on football, it’s a sign of how serious he is about making the XFL work this time.
The first time the XFL debuted, it started great and fizzled fast. The league didn’t seem to know how to turn the ship back around, and couldn’t overcome its fatal flaw of lousy play on the field.
Most startup businesses need funding and patience. The XFL, which is slated to start in 2020 as one of two new start-up leagues planning to enter the market, seems to have both this time around.
“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.
Read More: sports.yahoo.com/vince-mcmahon-reportedly-spending-fortune-new-xfl-195856521.html
I wasn't sure to where to place this article....
