WWE Chairman Vince McMahon’s reputation reportedly took a hit among those in the business community after the XFL filed for Chapter 11 bankruptcy this week.
As noted on Monday, Vince’s football league filed for bankruptcy in the state of Delaware. It was later reported that the league is looking for a buyer. XFL officials originally announced that they were suspending the season due to the coronavirus pandemic, and had plans for a 2021 season, but those plans were officially nixed this week. The XFL is done for the second time.
The XFL bankruptcy hurt Vince’s reputation because the league filed so Vince could get out of the debut, according to Dave Meltzer. Meltzer noted that he picked up on this after talking to people in New York on Monday. People involved know Vince is worth millions of dollars, and had earmarked $300 million for the league. They also know that he hasn’t spent $300 million on the league yet. It was noted that there’s a feeling of Vince essentially “screwing people” he worked with on the league, including coaches and stadiums.
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