XFL News Hub got a copy of the latest XFL court filings. It was revealed how much exactly the start-up league made in 2020, 2019 and 2018. Along with other interesting financial numbers. We break down all the interesting data below.
- $23,177.73 in 2018
- $738,772.90 in 2019
- $19,785,974.39 in 2020 from 1/2020 to 4/2020
The XFL Has
- $28,855,733.77 in assets
- $31,411,772.97 in liabilities
We also learned based on the court filings that XFL CEO and Commissioner Oliver Luck was making $192,307.70 every two weeks. XFL President Jeffery Pollock was making $50,005.65 every two weeks.
The league has $1,169,191.15 worth of merchandise in the XFL Shop.
There were lots of payments to World Wrestling Entertainment Inc for ‘SHARED SERVICES SUPPORT”. In the end, it does look like the XFL used services from the WWE. Those transactions totaled over 3 million dollars.
There was a lawsuit filed by a firefighters’ pension fund in Oklahoma, a stockholder in the WWE. They wanted to get documents that would help determine the WWE’s exact connections to the XFL.
Apparently the former President of the XFL in 2001, Basil Devito, was involved with the new version of the XFL. His title was Executive Director Of Operations for Alpha Entertainment.
Luck was terminated on April 9, 2020, but on April 10th he was paid $251,500.01 which was above his normal $192,307.70.
In early January Vince McMahon pulled $1,200,000.00 out of the XFL. I assume it is tho pay himself back for some of the money he put in.
There were 376 different Workman’s compensation claims for various player injuries throughout training camp and into the season. Oliver Luck had mentioned in various interviews about the complexity of Workman’s compensation in a professional football league.
The XFL gave almost $10,000 to charity through its version 2.0 league.
In closing, when you see all the breakdowns of where the money went in 2020. You can see just how incredibly expensive running a pro football league is.
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The XFL assets consist of what exactly?
They had no technology IP. They have no players or staff under contract. They have no long term TV contracts.
They have some used football equipment and some trademarks.