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About: http://data.cimple.eu/news-article/5706c4805eddb9ab67dbe77a5e885332b277f6fb5ab7e48394c7fc13 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	The XFL filed for Chapter 11 bankruptcy on Monday, days after suspending operations in a season already shut down amid the coronavirus pandemic. The eight-team league had kicked off this year in a reboot of a competition that lasted for one season in 2001. Already facing an uphill battle in a country where the National Football League reigns supreme, the XFL had suspended play five games into its 10-game season, pledging to come back for a second campaign. But on Friday, the league launched by world wrestling tycoon Vince McMahon suspended operations and laid off all employees. "Unfortunately, as a new enterprise, we were not insulated from the harsh economic impacts and uncertainties caused by the COVID-19 crisis," the XFL said in a statement. A 15-page filing in US bankruptcy court in Delaware estimated the league's liabilities to be between $10 million and $50 million against the same range in assets. A list of the 25 largest unsecured creditors was attached that included seven of the league's eight head coaches. Bob Stoops of the Dallas Renegades is owed $1 million and Marc Trestman of the Tampa Bay Vipers $777,777. Four creditors were listed as "venue costs" and a television broadcasting services company is owed $1.2 million. bb/to
schema:headline	XFL files for bankruptcy after cancelling inaugural season
schema:mentions	Chapter 11, Title 11, United States Code Vince McMahon Reboot Bankruptcy Delaware National Football League Court Pandemic Severe acute respiratory syndrome coronavirus 2 Tampa Bay Vipers Dallas Renegades Marc Trestman Bob Stoops XFL Uphill
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	77 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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