Recent Filing Reveals How WWE is Connected to The XFL
We noted earlier today that in an interesting turn of events, WWE Vice President of Special Events John Saboor recently contacted the city of Orlando, FL regarding a potential XFL team at Camping World Stadium.
Saboor contacting Orlando on behalf of the relaunching football league is noteworthy given Vince McMahon’s past comments that the XFL and WWE would operate independently of one another, but that does not appear to be the case.
According to PWInsider.com, a recent 10-Q SEC filing revealed that WWE is in fact a minority owner in Vince McMahon’s Alpha Entertainment LLC, giving WWE an ipso facto minority stake in The XFL.
Below is an excerpt from the filing:
“On April 3, 2018, the Company entered into a transaction with Alpha Entertainment LLC (“Alpha”), an entity controlled by Vincent K. McMahon, granting Alpha rights to launch a professional football league under the name “XFL”. Alpha has announced that it expects that this launch will occur in early 2020. Under these agreements, WWE received, among other things, a minority equity interest in Alpha without payment by, or other financial obligation on the part of, WWE.”
The above would explain XFL promotional material, produced by WWE production teams, popping up at WWE live events, and it’s likely more cross-promotion will be taking place as the first season approaches in 2020.
— (@xfl2020) January 25, 2018
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