The XFL filed for bankruptcy on Monday, likely spelling the end of the second iteration of the league. The filing 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 league said Monday in an emailed statement that it wasn't insulated “from the harsh economic impacts and uncertainties caused by the COVID-19 crisis.” “This is a heartbreaking time for many, including our passionate fans,