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Dwayne 'The Rock' Johnson's $15 Million Bet On The XFL Loses Big Money In 2023
Friday, July 7, 2023 - 3:01pm | 604In 2020, Dwayne "The Rock" Johnson joined forces with a team of investors to purchase the XFL for $15 million. With its first season in the past, it's time to look at the financials and consider what the future may bring. According to recent reports, the startup professional football league lost...
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Dwayne 'The Rock' Johnson Is Reviving The XFL With $15 million Bet On The Future Of Football
Wednesday, March 1, 2023 - 4:47pm | 877Dwayne “The Rock” Johnson wears many hats. He’s an A-list actor. He’s a former professional wrestler and college football player. He’s a businessman. And since August 2020, he’s been the owner of the XFL. Consisting of eight teams across the United States, the...
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The History Of USFL: NFL Stars And Donald Trump, What's Next With 2022 Rebirth
Sunday, June 6, 2021 - 5:17pm | 899A professional football league that launched the careers of several NFL stars and had a team once owned by former President Donald Trump lasted only three seasons. The USFL, which was active in the 1980s, announced plans to return with a new league and season in 2022. USFL is Back: The USFL...
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'Hollywood Ending': Dwayne 'The Rock' Johnson Will Be New XFL Co-Owner In $15M Deal
Monday, August 3, 2020 - 10:56am | 466The XFL reached a happy ending to its sale process by landing Dwayne "The Rock" Johnson as a co-owner. What Happened: The eight-team XFL football league filed for bankruptcy shortly after suspending operations on April 10 due to the COVID-19 pandemic. The XFL and its parent company,...
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Vince McMahon Sued By Former XFL Commissioner Oliver Luck For Wrongful Termination
Tuesday, April 21, 2020 - 11:10pm | 313XFL owner Vince McMahon has been sued by the football league's former commissioner Oliver Luck for an alleged wrongful termination. What Happened The lawsuit filed in a Connecticut court last Thursday alleges that McMahon and his XFL holding company Alpha Entertainment LLC, breached the terms...
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XFL Files For Bankruptcy, Bringing An End To Vince McMahon's Second Attempt At Pro Football
Monday, April 13, 2020 - 7:21pm | 502Vince McMahon's XFL football league declared Chapter 11 bankruptcy on Monday afternoon. What Happened To The XFL Alpha Entertainment, the parent company behind the XFL, suspended operations on April 10 and the league wasn't expected to return in 2021 due to the coronavirus pandemic. The XFL...
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Everything To Know About The XFL Redux
Friday, February 7, 2020 - 5:00pm | 846Now that the Super Bowl is over, are you ready for some football? The new eight-team XFL starts this weekend, hoping to appeal to those fans who just can't wait for the return of football season. You might remember the first version of the XFL. The league played its only season in 2001, and had...
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XFL Inks TV Deal with ESPN, Fox
Monday, May 6, 2019 - 1:37pm | 439The XFL, the upstart spring football league, will have its games broadcast on TV networks ABC and Fox, and on cable on FOX Sports and the ESPN networks under an agreement announced Monday. ABC and ESPN are owned by Walt Disney Co. (NYSE: DIS). The Fox broadcast and cable networks are owned by Fox...
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What Does The AAF's Closure Mean For The XFL?
Sunday, April 14, 2019 - 1:30pm | 656After the Alliance of American Football league's closure, attention is shifting to the XFL’s expected 2020 launch. Long-term success is incredibly hard to achieve, and while the AAF appeared to garner some momentum at its onset, the failure of the league serves as a cautionary tale...
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Vince McMahon Sells $271M Worth Of WWE Stock To Help Fund XFL Reboot
Thursday, March 28, 2019 - 8:27am | 398World Wrestling Entertainment, Inc. (NYSE: WWE) closed down 3.8 percent Wednesday and continued marginally lower in after-hours trading after CEO Vince McMahon reported a significant divestment. What Happened McMahon sold more than 3.2 million shares — about 4.1 percent of WWE’s...
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Ricky Williams, Terrell Owens Launch The 'Freedom Football League'
Thursday, December 6, 2018 - 4:49pm | 707Move over XFL and AAF, there's another new football league in town. The Freedom Football League, founded by a coalition 50 former NFL players including Heisman Trophy winner Ricky Williams and Hall-Of-Famer Terrell Owens, says it’s different because from the other upstarts with its player...
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Vince McMahon Unveils 8 Cities Hosting XFL Teams In 2020
Wednesday, December 5, 2018 - 2:29pm | 429XFL football is returning to the gridiron in 2020, and eight cities were announced as the homes of XFL teams on Wednesday. World Wrestling Entertainment, Inc. (NYSE: WWE) CEO and XFL owner Vince McMahon has assured WWE investors that WWE has no direct ties to his private company Alpha Entertainment...
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Podcast: An In-Depth Look At The Business Of XFL 2020
Tuesday, January 30, 2018 - 12:09pm | 460Welcome to the latest episode of Full-Court Finance, the podcast from Zacks Investment Research focused on the intersection of sports, business, and the stock market. On this week's episode, we take a look at World Wrestling Entertainment WWE owner Vince McMahon's recent XFL announcement...
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The XFL Is Coming Back: Vince McMahon Promises 'Fan-Centric, Innovative Experience'
Thursday, January 25, 2018 - 5:23pm | 614It’s official: Word Wrestling Entertainment, Inc. (NYSE: WWE) CEO Vince McMahon is taking another shot at what many consider the biggest flop of his business career—the XFL. McMahon announced that the XFL will be back on the gridiron in 2020, only this time he will be taking a more...
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Vince McMahon Sells $100 Million Worth Of Stock, Has Eyes On Football Again
Friday, December 22, 2017 - 10:40am | 415World Wrestling Entertainment, Inc. (NYSE: WWE) stock tumbled 8.6 percent Friday morning after a new filing from the company revealed CEO Vince McMahon has sold more than $100 million of his WWE shares to raise cash to fund a professional sports venture. McMahon sold 3.34 million shares of stock...