The XFL has seen interest from more than 20 buyers to rescue the league out of bankruptcy. However, one person that won’t be bidding is former owner Vince McMahon. McMahon separated himself from rumors he was looking to buy the league out of bankruptcy, saying in a filing that, while he reserved a legal right to do so, he would not.
Brokerage firm Houlihan Lokey is running the process for the league and is in discussions with the potential buyers, all of whom have interest in getting the XFL back up and running for the 2021 season.
Final bids are due by July 6, and XFL President Jeffrey Pollack said a sale would need to be accomplished by August 1 to prepare for a season next year. Among those potential buyers that have signed non-disclosure agreements are “private equity firms and other strategic and financial sponsors.” A model has been created for a 2021 “made-for-TV” season.