WWE Is Listed As A Minority Owner In The New XFL

When Vince McMahon announced that he will be relaunching the XFL in 2020, he mentioned that the WWE and the new XFL will have no connection or attachment with each other whatsoever. That seems to be inaccurate as MLive.com has reported that WWE is listed as a minority owner for the new XFL and that was said to be reported in a latest SEC filings that recently came out. WWE and McMahon’s Alpha Entertainment LLC (parent owner of the XFL) had an agreement where the following was stated:

“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.”

It was believed that the new XFL and the WWE would be separate from each other but it was confirmed that officials from WWE also has some take and some decision making in the XFL. Back in December, McMahon sold $100 million worth of WWE stock to help kick start his Alpha Entertainment LLC venture. In an interview with The New York Times, McMahon responded to the sale with this statement:

“I am very committed to this, and it’s going to take more than $100 million to do this league.”

In January, McMahon held a press conference to announce the return of the XFL. Its first run lasted for only one season in 2001.