The XFL is shutting down and laying off all its staff, Deadline reported on Friday (April 10).
The league’s chief operating officer Jeffery Pollock broke the news in a conference call with employees, ESPN reported.
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The XFL canceled the rest of its season on March 12, along with other major sporting leagues. The XFL will pay employees through Sunday (April 12), but it’s unclear when or if the league will return, according to NFL Networks.
“It’s been a tough month for Vince McMahon, who also founded and runs WWE. Like other media and live event companies, WWE has seen its stock plunge from a 52-week high of over $100 to $36 on Thursday. McMahon basically agreed to sell 15% of his stock in WWE in late March. The reconstituted XFL barely had a chance. This would have been its first season since it debuted way back in 2001 as a venture with NBC but shut after one season on lackluster ratings and attendance,” Deadline reported.
Find out what other major events are postponed or canceled amid the pandemic…