XFL files for Chapter 11 bankruptcy, with an eye-opening list of creditors it owes

[TexasTowelie]

Three days after the XFL suspended operations, the upstart league that promised “fan-first football” and “less stall, more ball” filed for Chapter 11 bankruptcy Monday.

The eight-team league, which canceled the second half of its debut season last month in response to the COVID-19 outbreak, all but evaporated with a 15-page document in U.S. Bankruptcy Court in Delaware.

“Unfortunately, as a new enterprise, we were not insulated from the harsh economic impacts and uncertainties caused by the COVID-19 crisis,” the XFL said in a statement.

The filing estimated the league’s liabilities between $10 million and $50 million — there are 1,000 to 5,000 creditors — against the same range in assets.

Read more: https://www.latimes.com/sports/story/2020-04-13/xfl-files-for-bankruptcy-vince-mcmahon

[sprinkleeninow]

1. 10-50 mil? Pshaw. A mere pittance. Chopped liver.

Just file BK.

Yah, that's the ticket.

Meanwhile...

I am really so freaking sick of listening to this s**t.

Screw them.

Get the down and out and disenfranchised and unemployed esp. with families subsistence their DAMM MONEY!!

[sfstaxprep]

2. Bet The Folks Who Bought Season Seats Get No Refunds For Unplayed Games nt

[madinmaryland]

4. I thought they were paying the "fans" to come to the games. nt.