MLFB was supposed to launch a spring league in 2016. Never happened. Earlier this year, Jerry Craig and his company Compass Creek Capital signed to invest $3 million into MLFB but then backed out. Now, Craig is going to start a new league called Professional Football League (PFL) in Spring 2018. A few of the coaches who were part of MLFB are now with the PFL.
Crazy rumor from today states that Vince McMahon is looking into reviving the XFL and may announce it January 25, 2018. Evidently McMahon is funding the venture himself as the company behind this would be Alpha Entertainment and not the WWE.
Vince McMahon sold 3.34 million WWE shares for about $95 million. So, it looks more like McMahon wants to start a new football league. The name will not be the XFL as the WWE (not Alpha) owns the rights to that name. More likely, the league will be called UrFL, URFL, or UFL which has been trademarked recently.
There is some talk that the league being arena-based, but indoor football generates little in the way of national attention.
Back when the XFL began, McMahon was seen as someone who could appeal to the younger demographic. Today, that is no longer the case. XFL ratings received an initial bump because fans were curious how WWE-type storylines would work in football. That gimmick is now gone.
McMahon blamed the NFL and the bad press from large markets for the failure of the XFL. Both he and NBC lost around $138 million.
What it comes down to will be whether or not this new football can get generate any money by way of broadcast rights. That means it makes no financial sense for a new football league to air on the WWE Network. Will anybody pay a significant amount of money to acquire the rights of an unseen product whose owner produced one of the most infamous sports failures ever?
Well said. Why would anyone risk millions on a venture with no real track record? Wouldn't it make more sense to expand the current professional leagues? One league has 32 teams and one has 9 teams. Why not expand the one that has 9 teams?
It would be interesting if Vince bought into the CFL in order to expand it to the States (again).
I could see that maybe working, the CFL would need a name like McMahon to make an American push, and Vince probably needs a league with credibility to be taken seriously.
I do admire it though, I wish someone would start up a rival league to the NHL. You could have teams in actual hockey markets. And it could work, don't have a salary cap and you can probably lure the stars over, the, the fans would follow and it's bye bye Bettman and the NHL!
The elimination of the reserve clause in the 70s and resulting free agency pretty well destroyed the long-term existence of any rival leagues. Even if you find some quality talent to start a league with, good luck on keeping it for more than two years.
Ok, so I was thinking about this. According to Wikipedia, back in 2001, the initial investment was $100 million in the XFL. Fast forward to now, the reports are that McMahon sold the equivalent of $100 million in WWE stock to form his new venture. If it cost $100M in 2001 to start up a league, it would certainly cost a lot more than that now. Maybe he isn't going to start up a new league and $100M isn't nearly enough to buy the Carolina Panthers. So what is he up to then? Maybe buying into a different league?