How Much is McMahon Spending on the XFL? Super Show-Down Sales
Friday, June 29, 2018
The unthinkable happened earlier this year when Vince McMahon announced that he would be bringing back the XFL in 2020. The XFL had been Vince McMahon's infamous football league that he launched early in the millennium before it quickly went under in 2001. McMahon announced earlier this year that the XFL will be coming back in two years through his new Alpha Entertainment company that he created late last year. There have been several questions about McMahon's planned resurrection of the XFL, but very few details have been released. However, a couple of new pieces of information about McMahon's efforts to bring back his football league have just been revealed in a report from ESPN.
ESPN recently interviewed Oliver Luck, the recently appointed CEO of the relaunched XFL, and Luck revealed that McMahon is going all in on making sure that the XFL does not flop this time around. Although McMahon sold over $100 million worth of his stock in WWE last year to help cover the cost of the XFL, Luck claims that McMahon will actually be investing so much more into the league before its relaunch. Luck stated that the salaries for players and coaches will be about $75,000 annually, which is up from the reported $45,000 annual pay from the XFL's previous stint. Vince McMahon is now expected to spend over $500 million for the first three seasons of the XFL as it begins its return in 2020.
WWE will be returning to Australia later this year for what promises to be an interesting event that will be taking place in the enormous Melbourne Cricket Ground stadium. Much like WrestleMania 34 and The Greatest Royal Rumble events that took place earlier this year, WWE is expected to load up and supersize this event, as well as broadcast it live on the WWE Network. Australia's 9 News has also noted that the local government in Melbourne, Australia is very pleased with how well tickets for the show have been selling. The stadium can seat over 100,000 fans, which would be one of the biggest crowds in WWE history if the company is able to sell such a large number of tickets before the show this October.