A month ago, the WWE filed paperwork with the Securities and Exchange Commission declaring that McMahon sold about $100 million in WWE stock to fund Alpha Entertainment and its investments, such as 'professional football.
The league folded three weeks after the Million Dollar Game, its championship game, in May 2001 after losing close to $50 million.
McMahon said being the only owner of all of the teams will allow him to do whatever he wants.
The XFL is set for a surprising second life under WWE leader Vince McMahon.
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The XFL will deliver a fan-centric, innovative experience, including shorter, fast-paced games and a family-friendly environment, complemented by cross-platform viewing options and real-time fan engagement. Forbes says this new league will launch in 2020.
The XFL's return comes at a time of unprecedented financial success - as well as criticism - for the NFL. The top players in college football went to the NFL, which would continue to be the biggest hurdle for a young league to cross. The old XFL was a joint venture between the World Wrestling Federation (WWE's former name) and NBC, which had lost rights to broadcast National Football League games. "It won't be me", McMahon said. "In the XFL, even if you have a DUI, you will not play in the XFL", McMahon said. "I got ya. May be I do have 1 more comeback left me". Asked about his potential involvement, McMahon said The "the XFL will have nothing to do with politics or social issues, just good football". This time around, despite McMahon's claim that the timing of this announcement has nothing to do with the NFL's struggles, the league by definition will aim for football fans who have been turned off by the NFL for a number of reasons. During the 2017 season, NBC broadcast a Titans-Steelers game using the SkyCam as it's primary camera.
According to PWInsider, WWE's production team has begun working on video footage for the eventual return of the XFL.
"The quality of the human being is just as important as the quality of the player", he said. Four years later NBC paid $3 billion to get back into the NFL.
The XFL also featured nicknames rather than surnames on the back of player jerseys, the most infamous being "He Hate Me", worn by Las Vegas Outlaws (and future Carolina Panthers) running back Rod Smart.