-- Kevin Seifert of ESPN reports that today in bankruptcy court, Vince McMahon stated that he has no intentions to bid on the XFL once in obvious response to the reports that he was looking to buy back the league at a 'firesale' price. McMahon also noted that he spent upwards of $200 for the XFL, which ceased operations after less than a year.
In a filing today in bankruptcy court, Vince McMahon said he will not be a bidder for the XFL. The unsecured creditors committee had previously objected to the proceedings, saying McMahon was trying to rig the process to buy back the league without fully paying back debtors.
— Kevin Seifert (@SeifertESPN) May 26, 2020
"I'm not going to be a bidder," McMahon said in a deposition. The filing called the claims "inflammatory rhetoric and unsubstantiated accusations."
— Kevin Seifert (@SeifertESPN) May 26, 2020
Also in the filings: McMahon said he put in “at least” $200 million into the XFL, which shuttered after five weeks of games due to the coronavirus pandemic.
— Kevin Seifert (@SeifertESPN) May 26, 2020
