XFL punts off Chapter 11 filing
After shutting down its operations and laying off most of its staff, the XFL says it’s filing for Chapter 11 bankruptcy.
According to court filing, the league has between $10 million and $50 million in both assets and liabilities.
The league had planned to play 10 games — but only 5 were every played.
It’s owned by WWE and has broadcast deals with Fox and ESPN and was drawing decent ratings before the coronavirus halted almost all pro sports in the country.
The filing makes it likely that the league won’t return — at least not in its current form. The league already said it has no plans from a 2021 season.