Kemo
05-04-2018, 06:16 PM
:xfl:
According to a new SEC filing, WWE owns a minority stake in Vince McMahon’s XFL football league. The 10-Q filing shows that WWE is a minority owner in Alpha Entertainment, parent company of the XFL. According to PWInsider, the filing reads:
“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 XFL is set to launch in 2020. Vince McMahon officially made the official announcement in late January. Although McMahon had stated that WWE and XFL would be separate entities, XFL commercials have been airing at WWE live events.
According to a new SEC filing, WWE owns a minority stake in Vince McMahon’s XFL football league. The 10-Q filing shows that WWE is a minority owner in Alpha Entertainment, parent company of the XFL. According to PWInsider, the filing reads:
“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 XFL is set to launch in 2020. Vince McMahon officially made the official announcement in late January. Although McMahon had stated that WWE and XFL would be separate entities, XFL commercials have been airing at WWE live events.