05/06/2023, 10:05

Dozens of bidders in active discussions

Two months after the revived XFL its inaugural season due to the COVID-19 pandemic, the now-bankrupt spring football league may have found new life. , the XFL's investment bank is currently in "active discu sions" with dozens of potential purchasers who want to fund and restart the league for a 2021 season.In mid-April, days after laying off nearly its entire staff Mike Moustakas Jersey , the XFL filed for bankruptcy. Owner/founder Vince McMahon said then that he would not try to buy back the Danny Duffy Jersey league, and he's reiterated that stance in an attempt to refute accusations he used bankruptcy as a tool to purchase the XFL for "pennies on the dollar." With McMahon out of the picture, however, "there is a robust market" for the league, Kaplan reported, not only to fill a spring 2021 schedule but prevent any competitors from seizing Abraham Almonte Jersey on an opportunity to supplement the NFL with additional profe sional football.Twenty different bidders, to be exact, have executed non-disclosure agreements to negotiate with Houlihan Lokey, the XFL's global investment bank, according to Kaplan. Six more are in the proce s of doing so. And all indications are that all potential purchasers intend to try to bring the XFL back onto the turf -- and TV -- by the spring."In fact, I understand the Debtor has modeled for 2021 a made-for-TV, 12-week tournament-style approach to its busine s," Houlihan managing partner William Hardie told Kaplan, "since the XFL is particularly well suited for a crowd-free experience that could thrive in the current environment, given its existing innovations such as in-game Ian Kennedy Jersey audio from players and coaches and live on-screen sports wagering information." The sales proce s could run all the way through mid-September, per Kaplan. It Bo Jackson Jersey 's unclear just how much could change about the league in the event of a sale. League commi sioner Oliver Luck, who was among the countle s layoffs during the XFL's shutdown, after netting a reported $20 million contract to head the league. XFL president Jeffrey Pollack, meanwhile, has from the league's 2020 season about reinstating stadium licenses.

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