World Wrestling Entertainment owner Vince McMahon is all set to relaunch his XFL venture after selling his £18 million company shares in order to revive the professional American football league. The 73-year-old business tycoon sold 306,000 shares to buyers to finance the relaunch. In total, he sold off only about 1 per cent of his stake in the company.
The XFL is a joint venture between World Wrestling Entertainment and NBC and played its only season in 2001. As the league garnered a negative reputation due to its connections to professional wrestling and the overall quality of play it just lasted one season due to which both the companies suffered a loss of around £28m.
McMahon last year made an announcement about rebooting the league. On Wednesday, the name of the eight cities which will be fielding their team in the league was announced. The announcement of the eight teams and the venues was also done on Wednesday. New York (MetLife Stadium), Dallas (Globe Life Park in Arlington), Houston (TDECU Stadium), Los Angeles (StubHub Center), St. Louis (Dome at America’s Center), Seattle (CenturyLink Field), Tampa Bay (Raymond James Stadium) and Washington, D.C. (Audi Field) will be playing in the relaunched season.
This new version of XFL would take place during the regular game’s off-season and have fewer rules and rougher play. The event will be launch on February 8th and February 9th, 2020, the weekend following the Super Bowl.