The XFL filed for bankruptcy on Monday, likely spelling the end of the second iteration of the league.
The filing in U.S. Bankruptcy Court in Delaware estimates the organization has between $10,000,001 and $50 million in both assets and liabilities. Former coaches Bob Stoops and Marc Trestman are among the creditors with the largest unsecured claims.
The league said Monday in an emailed statement that it wasn't insulated “from the harsh economic impacts and uncertainties caused by the COVID-19 crisis.”
The XFL had eight franchises this season and played five games out of a planned 10-game schedule. It drew decent TV ratings early on and had deals with ESPN and Fox.
The XFL also played one season in 2001.
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