The upstart XFL has filed for bankruptcy midway through its comeback season, a victim of COVID-19 and fan disinterest.
On Monday, the XFL’s parent company Alpha Entertainment LLC officially filed for Chapter 11 bankruptcy protection in the state of Delaware. The filing listed both assets and liabilities in the $10m-$50m range with 1,000-5,000 creditors, including former NFL coach Kevin Gilbride and former players Winston Moss and Jim Zorn.
The filing was preceded last Friday by the XFL suspending its operations and laying off all staff, who were reportedly told they’d be paid through Sunday. The league thanked its fans, staff, television partners and players, some of whom hopefully made enough of an impression to warrant tryouts with some NFL clubs (assuming that season isn’t cancelled as well).
The XFL cancelled the rest of its 10-game season on March 20, having played only five games, but said at the time that it was looking forward to “playing full seasons for you – and with you – in 2021 and beyond.” Full-time staff were even kept on the payroll following the cancellation.