Dave Meltzer reported on Wrestling Observer Radio that Vince McMahon has set aside $300 million to fund the XFL for its first two and a half seasons.
He will then raise additional funds once the league is active, meaning he is set to lose approximately $375 million by the end of April 2022.
Vince must prove his XFL’s products value to the networks.
If he can get decent ratings, he’ll likely have his wish, which Meltzer notes “isn’t as long of a shot as everyone thinks.”
Regardless, the XFL returns to action with the Seattle Dragons visiting the D.C. Defenders at 2pm EST this coming Saturday.
McMahon reportedly plans to invest $500 million of his own money into the project so let’s see how it goes.
This caused WWE’s stock price to tumble by 26% from $62.30 per share to $46.08, shaving off over $1 billion from the company’s value.
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