-- The XFL filed for bankrupty earlier today in a move that wasn't really all that surprising considering the ongoing pandemic and the league's infancy. An article at TMZ suggests that the league was bleeding a lot of money - "tens of millions" - after the league was forced to stop play, losing out on revenue from the remainder of the games. Despite this, all employees will be paid up until April 12 - both full wages and any accrued vacation days - and anyone who purchased tickets to any of the games will be issued a refund. A league spokesperson had these comments:
"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."
WWE / AEW News, Rumors & *Spoilers* (Latest Updates)
* More On Vince McMahon Suddenly Making Drastic Change To WWE's Plans & Possible Reason Why
* WWE Suffers First COVID-19 (Coronavirus) Positive Test (UPDATED x3)
* Nia Jax Shoots On Ronda Rousey, Says She Wants To "Knock Her Out"
* New WWE Championship Title Belt Being Introduced On TV Soon (*Spoiler* Photos)
* Several Superstars Unite, Campaign To WWE Management To Lift Longtime Ban
* Edge Describes Long-Awaited WrestleMania Return Not Going As He Envisioned
* Backstage Undertaker/WWE Update: American Badass Return Plans, The Deadman's Retirement
* Edge Finally Reveals A Weekly Ritual Of His That You'd Never Expect (Unseen Video)
* Behind-The-Scenes Photos Of WrestleMania Boneyard Match Set, Undertaker Before PPV
* Paul Heyman Hand-Picked Replacement WrestleMania Match, Update On NXT Star Moving To RAW
* AEW Star Shows His Surprise Marriage Proposal To Fellow AEW Star (Video & Photos)
* Ric Flair Reads Private Texts He Sent Undertaker & Stephanie McMahon After WrestleMania 36
* Dark Side Of The Ring: Brawl For All (Full Episode Video)
WWE & AEW Discussion At Rajah.com
* For late-breaking WWE & AEW news & rumors, follow our social media reporter on Twitter @MattBoone1984
* Follow Rajah owner Rajah Kumar on Twitter @RajahNews
* Follow the official Rajah account on Twitter @Rajah_News
* Follow the official Rajah Instagram account at Instagram.com/RajahNews
* Follow the official Rajah Facebook page at Facebook.com/RajahWWF
* Join the official Rajah Forums by signing up at Forums.Rajah.com
* Chat with other fans about this article in the official Rajah Disqus feed below, or at Disqus.com/home/forums/rajahcom
