WWE’s Vince McMahon to Spend $500 MILLION on XFL

5 years ago by Tempest

WWE’s Vince McMahon to Spend $500 MILLION on XFL

ESPN’s Darren Rovell revealed that Vince McMahon is expecting to spend close to $500 million in the first three seasons of the XFL.

Averaging out to approximately $165 million per season, this is a significant increase in projections. McMahon sold $100 million of WWE stock to fund this venture a few months ago. When McMahon started this project it was announced that he had started Alpha Entertainment as a company to house the XFL’s operations, separate from the WWE.

XFL CEO and commissioner Oliver Luck said, “People were focused on the $100 million, but the truth is that doesn’t even get us to the 20-yard line.”

Luck was announced as the CEO and commissioner of the XFL earlier in June and is formerly a notable executive in the NCAA.

The XFL’s first season is scheduled for 2020.

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