VINCE MCMAHON REVIVES THE FAILED XFL
The innovator of professional wrestling announced earlier today that he would be reviving his formerly failed alternative to the NFL: the XFL. McMahon had reportedly been planning the move since last fall as he created a new entertainment company and sold part of his WWE shares.
The new company is called Alpha Entertainment and McMahon is the sole source of funding for the new XFL. He sold $100 million worth of WWE shares in order to be completely independent of business partners. The previous XFL was cancelled in 2001 but was a joint venture between McMahon and NBC.
The new league will debut in January 2020 and consist of eight teams playing a 10 week schedule. The teams will be officially announced in 2019. Each team will consist of 40 players and they will be rewarded for playing well, on top of the general salary they will earn. Games will be faster as well, lasting on average only two hours.
The logo got a revamped look as well.
While more details are yet to come, McMahon insisted that the new XFL will not act as a developmental system for the NFL and there will be no cross-promotion with the WWE. McMahon also had this to say about the type of players he’s looking for:
“We are evaluating a player based on many things, including the quality of human being they are. If you have any sort of criminal record or commit a crime you aren’t playing in this league.”
McMahon may have the right idea as streaming has become commonplace in the sports world. The best way to compete with the NFL is to find a home to stream on. Many NFL or other sports games are considerably longer due to commercials, with high profile games acting as primetime for extravagant commercials to air (some people only watch the Super Bowl for the commercials).
Alternative leagues are nothing new. The WWE faces competition daily from other companies like New Japan Pro Wrestling and the Big3 (3-on-3) basketball league debuted last summer courtesy of Ice Cube.
It’s well known that McMahon will be loosening the reigns when it comes to the WWE. Now that the XFL will return hopefully everyone can get what they want.
You can watch the announcement below: