X

XFL's Assets to Be Auctioned August 3 After Chapter 11 Bankruptcy Filing

Megan ArmstrongSenior Analyst IIJune 2, 2020

WASHINGTON, DC - MARCH 08: A view of the XFL logo on the sidelines before the XFL game between the DC Defenders and the St. Louis Battlehawks at Audi Field on March 8, 2020 in Washington, DC. (Photo by Scott Taetsch/Getty Images)
Scott Taetsch/Getty Images

The XFL suspended operations and laid off all employees April 11 before filing for Chapter 11 bankruptcy April 13, naming the COVID-19 pandemic as the reason. 

Ben Fischer of Sports Business Daily reported Monday that a judge ruled in favor of the defunct league's auctioning its assets this summer:

Ben Fischer @BenFischerSBJ

Judge approves an early-August date for selling what remains of the XFL. At least one bidder described as "very capable" of rejuvenating the league if it wins. https://t.co/id2pXJ79ey

The XFL began its inaugural reboot season in February and played only five weeks' worth of games before the COVID-19 pandemic forced sports around the world to suspend action.

"[XFL CEO] Vince McMahon has pulled out of bidding for his bankrupt XFL, but dozens of bidders are looking over the league's financials and interested in relaunching it next February," The Athletic's Daniel Kaplan relayed last week.

McMahon has been accused of filing for bankruptcy just to buy the league again.

McMahon is also being sued by former XFL Commissioner Oliver Luck over the handling of the latter's contract. Luck is seeking $23.8 million.

The auction is scheduled for Aug. 3 (h/t Pro Football Talk)

Video Play Button
Videos you might like
slash iconYour sports. Delivered.

Enjoy our content? Join our newsletter to get the latest in sports news delivered straight to your inbox!