XFL Files For Bankruptcy

UNDATED (AP) – The XFL has filed for bankruptcy, likely spelling the end of the second iteration of the league.  The filing Monday in U.S. Bankruptcy Court in Delaware estimates the organization has between $10 million and $50 million in both assets and liabilities. Former coaches Bob Stoops and Marc Trestman are among the creditors with the largest unsecured claims.  The WWE-backed XFL canceled the rest of its return season last month because of the coronavirus pandemic. It suspended operations and laid off its employees Friday.  The XFL had eight franchises this season and played five games out of a planned 10-game schedule. It drew decent TV ratings early on and had deals with ESPN and Fox.