WWE listed as minority owner of XFL
WWE will have a stake in Vince McMahon's resurrected football league after all.
Despite McMahon previously stating the two would remain separate entities, SEC filings posted online Thursday show WWE listed as a minority owner in Alpha Entertainment LLC, the parent company of the XFL, according to Benjamin Raven of MLive.com.
"On April 3, 2018, the Company entered into a transaction with Alpha Entertainment LLC ('Alpha'), an entity controlled by Vincent K. McMahon, granting Alpha rights to launch a professional football league under the name "'XFL,'" the SEC filing reads. "Alpha has announced that it expects that this launch will occur in early 2020. Under these agreements, WWE received, among other things, a minority equity interest in Alpha without payment by, or other financial obligation on the part of, WWE."
The previous version of the XFL lasted just one season in 2001.