Kemo
04-26-2020, 04:14 AM
:xfl:
Former XFL Commissioner Oliver Luck is suing Vince McMahon. Luck was not listed as a creditor during the XFL’s bankruptcy filings. According to a recent statement issued by Vince McMahon’s attorneys, this was because Luck was terminated from the position on April 9th, 2020.
McMahon has issued the below statement on the lawsuit through his attorneys:
“Oliver Luck’s services as Commissioner and CEO of The XFL were terminated by a letter sent to him on Apr. 9, 2020 which explained the reasons for the termination. As to the lawsuit he filed, his allegations will be disputed and the position of Mr. McMahon will be set forth in our response to his lawsuit.”
Luck’s XFL contract was believed to be worth $20-25 million over 5 years depending on how well the league performed. The agreement stipulated he would receive all money owed if terminated without cause. His lawsuit is seeking to recoup the money owed on the contract.
The league issued the following statement to TMZ earlier this month:
“Unfortunately, as a new enterprise, we were not insulated from the harsh economic impacts and uncertainties caused by the COVID-19 crisis. Accordingly, we have filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code. This is a heartbreaking time for many, including our passionate fans, players and staff, and we are thankful to them, our television partners, and the many Americans who rallied to the XFL for the love of football.”
Former XFL Commissioner Oliver Luck is suing Vince McMahon. Luck was not listed as a creditor during the XFL’s bankruptcy filings. According to a recent statement issued by Vince McMahon’s attorneys, this was because Luck was terminated from the position on April 9th, 2020.
McMahon has issued the below statement on the lawsuit through his attorneys:
“Oliver Luck’s services as Commissioner and CEO of The XFL were terminated by a letter sent to him on Apr. 9, 2020 which explained the reasons for the termination. As to the lawsuit he filed, his allegations will be disputed and the position of Mr. McMahon will be set forth in our response to his lawsuit.”
Luck’s XFL contract was believed to be worth $20-25 million over 5 years depending on how well the league performed. The agreement stipulated he would receive all money owed if terminated without cause. His lawsuit is seeking to recoup the money owed on the contract.
The league issued the following statement to TMZ earlier this month:
“Unfortunately, as a new enterprise, we were not insulated from the harsh economic impacts and uncertainties caused by the COVID-19 crisis. Accordingly, we have filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code. This is a heartbreaking time for many, including our passionate fans, players and staff, and we are thankful to them, our television partners, and the many Americans who rallied to the XFL for the love of football.”