While it appeared XFL 2.0 was set to go the way of the Alliance of American Football, the league is holding out hope to find a new owner, according to Axios.
The XFL filed for Chapter 11 bankruptcy protection in April after the coronavirus halted its first season. Now, it’s seeking bidders to take over.
Key selling points
- $46 million in revenue during season
- Nearly 20,000 average attendance
- 1.9 million average broadcast viewers
Several potential buyers expressed skepticism as viewership and attendance were declining as the season progressed. Any buyer would face two stark choices: resume play after the pandemic or try a made-for-TV product without fans.
Bankruptcy isn’t the only legal entanglement for the XFL. The league’s former commissioner, Oliver Luck, filed a wrongful termination suit against Vince McMahon, the chairman and owner of WWE and owner of Alpha Entertainment, the XFL’s parent company.