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After Suspending Operations, XFL files for Chapter 11 Bankruptcy

After Suspending Operations, XFL files for Chapter 11 Bankruptcy

On Monday, The XFL’s parent company filed for Chapter 11 bankruptcy. This comes after suspending operations just a couple days ago.

In a statement, the XFL attributed its decision to the coronavirus pandemic:

“The XFL quickly captured the hearts and imaginations of millions of people who love football. Unfortunately, as a new enterprise, we were not insulated from the harsh economic impacts and uncertainties caused by the COVID-19 crisis. Accordingly, we have filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code. This is a heartbreaking time for many, including our passionate fans, players and staff, and we are thankful to them, our television partners, and the many Americans who rallied to the XFL for the love of football.”

All in all, it was a good solid run. Honestly, it would not have beat out the other sports to watch. I did still bet on a couple of games and won. As it turns out, the XFL paid it’s employees through April 12, which includes accrued vacation time. The league plans to refund all ticket sales. In reality, would this league have existed? We may never know…