PromoTheRobot Posted May 20, 2020 Share Posted May 20, 2020 (edited) And now you know....the REST of the story! Quote Is Vince McMahon trying to buy his own XFL out of Delaware bankruptcy court? The XFL’s creditors seem to think so, and sources said XFL president Jeffrey Pollack has called venues in St. Louis and Seattle about reinstating the lease agreements. The XFL, 80 percent owned by McMahon through Alpha Entertainment and 20 percent by his WWE empire, launched Feb. 7 and lasted five weeks before shutting down because of the COVID-19 pandemic. The league shut down for good April 10 and filed for Chapter 11 bankruptcy three days later. But was that just a cutthroat finance ploy by McMahon to ride out the pandemic and resultant economic turmoil without paying the costs of operating the league? That’s what was asked by one former team official, who passed on the tips about Seattle and St. Louis. A representative for Visit St. Louis, which oversees the Dome at America’s Center where the BattleHawks played, confirmed Pollack had reached out about the lease. https://theathletic.com/1824702/2020/05/19/is-vince-mcmahon-trying-to-covertly-buy-his-own-bankrupt-xfl/?source=freedailyemail Edited July 24, 2020 by PromoTheRobot 1 Link to comment Share on other sites More sharing options...
GunnerBill Posted May 20, 2020 Share Posted May 20, 2020 Sounds like McMahon. 4 Link to comment Share on other sites More sharing options...
LeGOATski Posted May 20, 2020 Share Posted May 20, 2020 Is that illegal? I would love if it came back. 2 Link to comment Share on other sites More sharing options...
HOUSE Posted May 20, 2020 Share Posted May 20, 2020 Terrible investment...its nothing more then a tax write off for Millionaires 1 Link to comment Share on other sites More sharing options...
aristocrat Posted May 20, 2020 Share Posted May 20, 2020 be smarter than just burning the few hundred mil he spent on the league. Link to comment Share on other sites More sharing options...
Coach Tuesday Posted May 20, 2020 Share Posted May 20, 2020 Zombie League 1 1 Link to comment Share on other sites More sharing options...
Alphadawg7 Posted May 21, 2020 Share Posted May 21, 2020 I had a feeling this would happen...I mean the shutting down was due to the epidemic and companies file bankruptcy all the time to protect assets, not necessarily because they are insolvent. 3 Link to comment Share on other sites More sharing options...
Bangarang Posted May 21, 2020 Share Posted May 21, 2020 I’m just glad Whaley may not be out of work for long 6 Link to comment Share on other sites More sharing options...
FluffHead Posted May 21, 2020 Share Posted May 21, 2020 Hope they come back. It was enjoyable while it lasted, even if just for some February action. 5 Link to comment Share on other sites More sharing options...
MJS Posted May 21, 2020 Share Posted May 21, 2020 Smart, as long as he didn't burn too many bridges. Really bad luck for them to have the pandemic right after they started. I think the XFL deserves another chance. Link to comment Share on other sites More sharing options...
BigDingus Posted May 21, 2020 Share Posted May 21, 2020 The amount he spent on the league, combined with all teams being league-owned, the relatively low costs, the people involved in the front office, and the continued fan interest made me surprised it was outright canned anyway. They were saying the initial investment should've been enough to carry it several years, even with just modest viewership & attendance. Not like they were paying a ton to these players either. Though it sounds kind of shady, this kind of makes more sense than flat out cancelling the league. Link to comment Share on other sites More sharing options...
Mr. WEO Posted May 21, 2020 Share Posted May 21, 2020 No one was watching. Admit defeat Vince (again). 2 Link to comment Share on other sites More sharing options...
dpberr Posted May 21, 2020 Share Posted May 21, 2020 The league did well in some of the cities, not so well in some of the others. If they relaunch, hope they take that opportunity to re-calibrate. Whether the NFL likes it or not, a professional alternative league would do the NFL some good in developing players and coaching personnel. I think that's where the sustainability of the XFL lies - as a true football development league. It can't complete star for star with the NFL. Link to comment Share on other sites More sharing options...
Mr. K Posted May 21, 2020 Share Posted May 21, 2020 I didn't mind it. And if WWE is still having matches why cant XFL get a couple snaps in? Link to comment Share on other sites More sharing options...
Don Otreply Posted May 21, 2020 Share Posted May 21, 2020 Its just gonna go under again, even before the pandemic people were not tuning in. McMahon is just gaming the system, Which in the long run screws over everyone else. 2 Link to comment Share on other sites More sharing options...
Mr. WEO Posted May 21, 2020 Share Posted May 21, 2020 (edited) 32 minutes ago, dpberr said: The league did well in some of the cities, not so well in some of the others. If they relaunch, hope they take that opportunity to re-calibrate. Whether the NFL likes it or not, a professional alternative league would do the NFL some good in developing players and coaching personnel. I think that's where the sustainability of the XFL lies - as a true football development league. It can't complete star for star with the NFL. Yes, young prospects like Kevin Gilbride, Pep Hamilton, June Jones, Winston Moss, Bob Stoops, Marc Trestman and Jim Zorn deserve a shot at the NFL. How anyone can STILL view this side show (or any and all of its predecessors) as a "true development league" for the NFL is....stunning. Edited May 21, 2020 by Mr. WEO 1 Link to comment Share on other sites More sharing options...
LeGOATski Posted May 21, 2020 Share Posted May 21, 2020 25 minutes ago, Don Otreply said: Its just gonna go under again, even before the pandemic people were not tuning in. McMahon is just gaming the system, Which in the long run screws over everyone else. Not me. More football, baby! ? 2 Link to comment Share on other sites More sharing options...
PromoTheRobot Posted May 21, 2020 Author Share Posted May 21, 2020 21 minutes ago, LeGOATski said: Not me. More football, baby! ? How many fans would show up for a Buffalo XFL team? Link to comment Share on other sites More sharing options...
LeGOATski Posted May 21, 2020 Share Posted May 21, 2020 3 minutes ago, PromoTheRobot said: How many fans would show up for a Buffalo XFL team? From what I hear, Buffalonians show out well... If Vince brings the WWE-style table smashing into the stadium, the sky's the limit. 1 Link to comment Share on other sites More sharing options...
WhoTom Posted May 21, 2020 Share Posted May 21, 2020 53 minutes ago, Don Otreply said: McMahon is just gaming the system, Which in the long run screws over everyone else. Exactly. When big money abuses the bankruptcy system, the rest of us pay for it. I didn't know about Macy's (mentioned above), but other "serial bankrupters" have been getting away with this crap for years. If you have a multi-million dollar harness, you don't need a freakin' safety net. Link to comment Share on other sites More sharing options...
stuvian Posted May 21, 2020 Share Posted May 21, 2020 The NFL without fans is vulnerable Now is the time to strike Link to comment Share on other sites More sharing options...
Orlando Tim Posted May 21, 2020 Share Posted May 21, 2020 I have been stating for weeks now I wonder how many team use bankruptcy just not to pay vendors right now. Too many companies use it to restructure vs how it was meant to be a last resort. I know this is not new but many companies will see everyone else doing it and use that as cover Link to comment Share on other sites More sharing options...
PromoTheRobot Posted May 21, 2020 Author Share Posted May 21, 2020 35 minutes ago, Limeaid said: During time when XFL was playing starting in February? Not many. I don't know. 20K? There are enough people who'd take any excuse to tailgate. But February weather? Link to comment Share on other sites More sharing options...
The Dean Posted May 22, 2020 Share Posted May 22, 2020 Awesome! A complete POS human, who has already failed with TWO football leagues wants to resurrect another! Awesome! I'd love a "minor league" for the NFL, but I hope they steer well clear of trash like McMahon who knows NOTHING of legitimate sports and is only concerned with theatre, as far as I can tell. A-holes with money screw a lot of things up. Link to comment Share on other sites More sharing options...
Buffalo716 Posted May 22, 2020 Share Posted May 22, 2020 (edited) 7 minutes ago, The Dean said: Awesome! A complete POS human, who has already failed with TWO football leagues wants to resurrect another! Awesome! I'd love a "minor league" for the NFL, but I hope they steer well clear of trash like McMahon who knows NOTHING of legitimate sports and is only concerned with theatre, as far as I can tell. A-holes with money screw a lot of things up. The NFL's a Monopoly. There is nothing and no league that could rival it Vince McMahon is a genius. And I bet he'd be a great NFL commissioner He's just in a losing battle. Because you can't compete with the NFL today Edited May 22, 2020 by Buffalo716 Link to comment Share on other sites More sharing options...
The Dean Posted May 22, 2020 Share Posted May 22, 2020 (edited) 22 minutes ago, Buffalo716 said: The NFL's a Monopoly. There is nothing and no league that could rival it Vince McMahon is a genius. And I bet he'd be a great NFL commissioner Now there's a word that's become so watered-down it's almost meaningless. In what way is he a "genius?. Is he currently working on a cure for the Coronavirus? I understand there are various kinds of intelligence, but con-man intelligence doesn't qualify as "genius" in my book. Edited May 22, 2020 by The Dean 2 1 1 Link to comment Share on other sites More sharing options...
Over 29 years of fanhood Posted May 22, 2020 Share Posted May 22, 2020 2 minutes ago, The Dean said: Now there's a word that's become so watered-down it's almost meaningless. In what way is he a "genius?. Is he currently working on a cure for the Coronavirus? I understand there are various kinds of intelligence, but con-man intelligence doesn't qualify as "genius" in my book. genius= unimpeded by ethical constraints 1 Link to comment Share on other sites More sharing options...
Buffalo716 Posted May 22, 2020 Share Posted May 22, 2020 (edited) 6 minutes ago, The Dean said: Now there's a word that's become so watered-down it's almost meaningless. In what way is he a "genius?. Is he currently working on a cure for the Coronavirus? I understand there are various kinds of intelligence, but con-man intelligence doesn't qualify as "genius" in my book. You just said it yourself. There are a million kinds of genius He is a marketing genius. Not a con man He isn't selling a miracle elixir , he isn't a snake oil salesman selling a cure.. He is a promoter and a marketer And a marketing and promoting genius at that. Anybody who's close to him uses that word , he built an empire You don't have to be elite at quantum physics to be a genius because there are many forms of genius Yes the words watered down, because everybody thinks they're one.. Vince McMahon actually is and has fruits to show Edited May 22, 2020 by Buffalo716 1 Link to comment Share on other sites More sharing options...
The Dean Posted May 22, 2020 Share Posted May 22, 2020 1 minute ago, Buffalo716 said: You just said it yourself. There are a million kinds of genius He is a marketing genius. Not a con man He isn't selling a miracle elixir , he isn't a snake oil salesman selling a cure.. He is a promoter and a marketer And a marketing and promoting genius at that. Anybody who's close to him uses that word , he built an empire You don't have to be elite at quantum physics to be a genius because there are many forms of genius Yes the words watered down, because everybody thinks they're one.. Vince McMahon actually is and has fruits to show That's a pretty fine line of distinction, IMO. Marketing (almost by definition) = con, IMO. He's marketing GARBAGE A fake sport. Tell me how many other ventures he's succeeded with. Let's start here: https://en.wikipedia.org/wiki/Vince_McMahon#Other_business_dealings Being successful once is hardly genius--again, IMO. In order to keep this thread from PPP I'll refrain from bring up the obvious example to compare him to. 2 Link to comment Share on other sites More sharing options...
Over 29 years of fanhood Posted May 22, 2020 Share Posted May 22, 2020 5 minutes ago, Buffalo716 said: You just said it yourself. There are a million kinds of genius He is a marketing genius. Not a con man He isn't selling a miracle elixir , he isn't a snake oil salesman selling a cure.. He is a promoter and a marketer And a marketing and promoting genius at that. Anybody who's close to him uses that word , he built an empire You don't have to be elite at quantum physics to be a genius because there are many forms of genius Yes the words watered down, because everybody thinks they're one.. Vince McMahon actually is and has fruits to show there is nothing genius about a wealthy person Filing bankruptcy on a failed business then buying it back for pennies on the dollar. It’s exploiting the system and Taxpayers ultimately will end up subsidizing the loss by someone who isn’t remotely close to bankrupt (financially anyway) 1 Link to comment Share on other sites More sharing options...
Buffalo716 Posted May 22, 2020 Share Posted May 22, 2020 Just now, The Dean said: That's a pretty fine line of distinction, IMO. Marketing (almost by definition) = con, IMO. He's marketing GARBAGE A fake sport. Tell me how many other ventures he's succeeded with. Let's start here: https://en.wikipedia.org/wiki/Vince_McMahon#Other_business_dealings Being successful once is hardly genius--again, IMO. In order to keep this thread from PPP I'll refrain from bring up the obvious example to compare him to. He really doesn't need other ventures to succeed in. You don't ask a pediatrician to do brain surgery His brand and everything he built is all he needs because it is worldwide. His other ventures we're just Gamble's to him because he could do it The WWE is his life's work and he's built that into a billion dollar industry Not saying he's the smartest man in the world. But he is a great marketer and made WWE worldwide and a billion dollar business If there was ever a promotional genius it be Vince McMahon 1 minute ago, Over 29 years of fanhood said: there is nothing genius about a wealthy person Filing bankruptcy on a failed business then buying it back for pennies on the dollar. It’s exploiting the system and Taxpayers ultimately will end up subsidizing the loss by someone who isn’t remotely close to bankrupt (financially anyway) While it's scummy It's exactly how I would expect a genius to behave. Since they are usually all about the bottom line If you can get it back for pennies on the dollar, it's absolutely a genius move Even if it's screws all of us, it's smart on his part and exactly what I'd expect a genius to do. Besides I don't think most billionaires care about us. If they could exploit the system I think they definitely will and do I said nothing about him as a person, just about his marketing and promoting expertise over his career 1 Link to comment Share on other sites More sharing options...
aristocrat Posted May 22, 2020 Share Posted May 22, 2020 12 minutes ago, The Dean said: That's a pretty fine line of distinction, IMO. Marketing (almost by definition) = con, IMO. He's marketing GARBAGE A fake sport. Tell me how many other ventures he's succeeded with. Let's start here: https://en.wikipedia.org/wiki/Vince_McMahon#Other_business_dealings Being successful once is hardly genius--again, IMO. In order to keep this thread from PPP I'll refrain from bring up the obvious example to compare him to. was edison a con man? according to him he just found 1000 ways that won't work. people fail at things all the time. not one genius has nailed every single thing Link to comment Share on other sites More sharing options...
The Dean Posted May 22, 2020 Share Posted May 22, 2020 2 minutes ago, aristocrat said: was edison a con man? according to him he just found 1000 ways that won't work. people fail at things all the time. not one genius has nailed every single thing Edison was partly con-man, but also may have been a genius. (the two aren't mutually exclusive). He didn't just have ONE idea and ONE success, that he kept trying to monetize. He had MANY ideas. Some failed. No problem. Failure is important, IF you acknowledge the failure and learn from it. Tesla was a genius---and perhaps a bit crazy. He was a terrible marketer. McMahon is entirely reliant on his WWF (fake sport for stupid people) success. Even with his first XFL he tried to push the garbage "entertainment" factors before considering the important SPORTS aspect. He is completely wrong for a truly "minor league" for the NFL. That should be run as close to the NFL as possible. The NFL might want to experiment a bit with it, but the WWF nonsense has no place in it. I'm all for transparent honesty and integrity. 1 Link to comment Share on other sites More sharing options...
Mr. WEO Posted May 22, 2020 Share Posted May 22, 2020 (edited) 1 hour ago, Buffalo716 said: The NFL's a Monopoly. There is nothing and no league that could rival it Vince McMahon is a genius. And I bet he'd be a great NFL commissioner He's just in a losing battle. Because you can't compete with the NFL today Isn't this endless stream of alternative pro football leagues proof that it's not a monopoly? All these teams had full rosters of pro football players that were free to play in the NFL if they were worthy (many had). 36 minutes ago, Buffalo716 said: You just said it yourself. There are a million kinds of genius He is a marketing genius. Not a con man He isn't selling a miracle elixir , he isn't a snake oil salesman selling a cure.. He is a promoter and a marketer And a marketing and promoting genius at that. Anybody who's close to him uses that word , he built an empire You don't have to be elite at quantum physics to be a genius because there are many forms of genius Yes the words watered down, because everybody thinks they're one.. Vince McMahon actually is and has fruits to show Yes, such a marketing genius that his F league was swirling the TV ratings toilet 5 weeks into the season before a pandemic put his (reincarnated) clown show to a painless early, and fully predicted, death. His problem with this crapfest is that the one group of people he can't con are network executives who know a dead dog when they smell it. Edited May 22, 2020 by Mr. WEO 1 Link to comment Share on other sites More sharing options...
aristocrat Posted May 22, 2020 Share Posted May 22, 2020 14 minutes ago, The Dean said: Edison was partly con-man, but also may have been a genius. (the two aren't mutually exclusive). He didn't just have ONE idea and ONE success, that he kept trying to monetize. He had MANY ideas. Some failed. No problem. Failure is important, IF you acknowledge the failure and learn from it. Tesla was a genius---and perhaps a bit crazy. He was a terrible marketer. McMahon is entirely reliant on his WWF (fake sport for stupid people) success. Even with his first XFL he tried to push the garbage "entertainment" factors before considering the important SPORTS aspect. He is completely wrong for a truly "minor league" for the NFL. That should be run as close to the NFL as possible. The NFL might want to experiment a bit with it, but the WWF nonsense has no place in it. I'm all for transparent honesty and integrity. what makes what he does different from sitcoms, movies or plays? nobody thinks it's real. 1 Link to comment Share on other sites More sharing options...
Buffalo716 Posted May 22, 2020 Share Posted May 22, 2020 5 minutes ago, Mr. WEO said: Isn't this endless stream of alternative pro football leagues proof that it's not a monopoly? All these teams had full rosters of pro football players that were free to play in the NFL if they were worthy (many had). Yes, such a marketing genius that his F league was swirling the TV ratings toilet 5 weeks into the season before a pandemic put his (reincarnated) clown show to a painless early, and fully predicted, death. His problem with this crapfest is that the one group of people he can't con are network executives who know a dead dog when they smell it. Nobody who could be on an NFL roster would choose to go the XFL. It's a last-ditch resort for players, just like all the other Semi-Pro or "pro" league's now Sure they exist, some pays players 100 bucks game. But the only real money is in the NFL and they got a monopoly on that money The XFL had hot talk for a few weeks and even the marketing of Vince McMahon couldn't keep it float Because there's no money in these smaller league's Link to comment Share on other sites More sharing options...
Mr. WEO Posted May 22, 2020 Share Posted May 22, 2020 (edited) 5 minutes ago, Buffalo716 said: Nobody who could be on an NFL roster would choose to go the XFL. It's a last-ditch resort for players, just like all the other Semi-Pro or "pro" league's now Sure they exist, some pays players 100 bucks game. But the only real money is in the NFL and they got a monopoly on that money The XFL had hot talk for a few weeks and even the marketing of Vince McMahon couldn't keep it float Because there's no money in these smaller league's huh? The XFL players' lack of elite skill is what's preventing them from getting that NFL money. So it's not the NFL that has "got a monopoly on that money", it's the NFL players. The NFL isn't preventing McMahon from paying his rosters "NFL money". The USFL began by doing just that to it's top players. Edited May 22, 2020 by Mr. WEO Link to comment Share on other sites More sharing options...
Buffalo716 Posted May 22, 2020 Share Posted May 22, 2020 1 minute ago, Mr. WEO said: huh? The XFL players' lack of elite skill is what's preventing them from getting that NFL money. So it's not the NFL that has "got a monopoly on that money", it's the NFL players. Exactly why the NFL as a football league is like on Monopoly. Nobody wants to watch water downed football There are dozens and dozens of Semi-Pro leagues that exist. Nobody cares because there's not talent The NFL has talent so it has the money and the ratings and the contracts. It's not the seventies anymore so there will never be another rival to push the NFL The NFL pretty much does have a monopoly on professional football. But there is college football from division 1 to division 3 Heck high School football in Texas is King.. so there will always be football But there's only 1 professional football league that matters Link to comment Share on other sites More sharing options...
The Dean Posted May 22, 2020 Share Posted May 22, 2020 (edited) 13 minutes ago, aristocrat said: what makes what he does different from sitcoms, movies or plays? nobody thinks it's real. Because, by definition sitcoms, movies and plays are NOT REAL. They are pure entertainment. I had to figure that out for you? What McMahon deals in is like the fake "reality shows". Pretending to be real, but you know they are manipulated. I'm not sure why anyone watches that trash. It's up to them if they do, but don't confuse it with actual reality. Unfortunately many do. Edited May 22, 2020 by The Dean 1 Link to comment Share on other sites More sharing options...
Mr. WEO Posted May 22, 2020 Share Posted May 22, 2020 10 minutes ago, Buffalo716 said: Exactly why the NFL as a football league is like on Monopoly. Nobody wants to watch water downed football There are dozens and dozens of Semi-Pro leagues that exist. Nobody cares because there's not talent The NFL has talent so it has the money and the ratings and the contracts. It's not the seventies anymore so there will never be another rival to push the NFL The NFL pretty much does have a monopoly on professional football. But there is college football from division 1 to division 3 Heck high School football in Texas is King.. so there will always be football But there's only 1 professional football league that matters Maybe you have an unconventional definition of "monopoly" then. But McMahon's other problem is specifically because his lame league acted as a springboard for a dozen of it's best players, the talent each year will get worse and worse. It's barely watchable now, except for the most hardcore and gamblers. Link to comment Share on other sites More sharing options...
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