As soon as it was announced that a group spearheaded by The Rock would be purchasing the XFL for $15 million, the committee of unsecured creditors filed an objection with the bankruptcy court in attempt to block the proposed sale. The group argues that the transaction is not within the best interests of the company […]
XFL
The Rock buys the XFL
Dwayne “The Rock” Johnson has purchased the XFL for $15 million according to court documents filed on Monday in a Delaware Bankruptcy Court. The auction for the defunct league was to occur prior to the announcement. With my trail blazing partner @DanyGarciaCo & Red Bird Capital, we have acquired the XFL. With gratitude & passion […]
Court stays Oliver Luck’s lawsuit against Vince McMahon pending XFL bankruptcy
Oliver Luck’s lawsuit against Vince McMahon has been put on pause until the resolution of the XFL’s Bankruptcy proceeding as the federal court in Connecticut stayed the former commissioner’s lawsuit against McMahon. The court held that the XFL, Alpha Entertainment, LLC to be exact, was an “indispensable party” in Luck’s lawsuit meaning that he had […]
McMahon will not attempt to buy XFL assets in Bankruptcy Court
Vince McMahon will not repurchase the XFL according to a reply to an objection from unsecured creditors in the Chapter 11 Bankruptcy case. There was speculation about McMahon’s intentions when the proposed timeline to hold an auction of Alpha Entertainment, LLC (the ‘XFL’ company that runs the now defunct league) was determined to be too […]
The Legal Submission: Episode 2 Luck v. McMahon
Oliver Luck has filed a lawsuit against Vince McMahon based on a breach of contract of his Employment Agreement with the XFL. I discuss the contents of the lawsuit and the impact that McMahon’s Alpha Entertainment may have over Luck’s claim which was filed after the XFL filed for Chapter 11 Bankruptcy. Oliver Luck Sues […]