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Vince McMahon is expected to spend $ 500 million on financing XFL's Bleacher report



  12th July 2000: Vince McMahon smiles during the XFL press conference at the House of Blues in Los Angeles, California. Photo credits: Tom Hauck / Allsport

Tom Hauck / Getty Images

Vince McMahon prepares to relaunch XFL, the WWE chairman, identifies the financial aspects of the project.

According to Darren Rovell of ESPN, McMahon is expected to spend more than $ 500 million over the first three seasons of the league.

Rovell noted as early as December 201

7 that McMahon had sold approximately $ 100 million. WWE shares are said to "primarily finance a separate company from the company, Alpha Entertainment LLC, which Mr. McMahon founded, to explore investment opportunities in the sports and entertainment landscape, including professional football. "

As it turns out, $ 100 million is not nearly enough to cover the cost of launching the league. XFL commissioner Oliver Luck – the father of quarterback Indianapolis Colts Andrew Luck – admitted it.

"People were focused on the $ 100 million, but the truth does not even get us on the twenty-yard line." told Rovell

The cost of running the league adds up. Lucky for Rovell that the average salary is estimated at $ 75,000 and each team consists of 40 players. And apart from the salaries, the league must medically look after its players, with insurance premiums allegedly lying north of $ 10 million.

It's a big investment for McMahon and Co. to survive in the league, but after the first stint lasted only one season, they're bound to take it this time. That means the financial commitment to make sure it runs smoothly.

The reboot of the XFL is expected to be ready in 2020. Eight teams will each play a 10-game schedule during the opening season.


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