XFL to return in 2020, WWE’s Vince McMahon says

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WWE CEO Vince McMahon on Thursday explained he is launching a fresh version on the XFL, a professional soccer league, through his Alpha Leisure expenditure fund, almost two decades once the unique XFL unsuccessfully challenged the NFL for one particular period.

The new XFL will launch in 2020 with 8 teams, 40-man rosters in addition to a 10-week schedule that will start in both late January or early February, relatively than right compete with the NFL. McMahon didn’t say where the video games will air, but mentioned they will be available on all platforms. The original financial commitment at the rear of the league will be about $100 million.

“The new XFL will be fan-centric, with all the things you like to see and fewer in the things you don’t. We will present a shorter, faster-paced, family friendly and easier-to-understand game,” McMahon said.

The XFL’s return will come in a time of unprecedented economic success – along with criticism – for the NFL. The league is projected to gain a document $14 billion in 2017, according to several stories.

Nonetheless, the NFL is also experiencing significant declines in its television audience amid the increase of cord-cutting, and also stress from sponsors, supporters and President Donald Trump over a wave of national anthem protests.

McMahon reported the NFL’s current issues didn’t element into his decision to reform the XFL, introducing that the league would not be described as a platform for political or social concerns. The new league will have a very strict off-field carry out plan, and officials with seek the advice of with protection specialists to address the danger of concussions as well as other major injuries.

McMahon sold tens of a lot of dollars in WWE stock to fund the new league. A WWE spokesman very first verified McMahon was exploring financial commitment alternatives in sports very last December.

McMahon claimed he’ll continue on to be the CEO and chairman of WWE, despite his new league, adding that there would be no crossover of talent between the two corporations.

Launched in 1999 like a three way partnership amongst McMahon’s WWE and NBC Sports, the first XFL performed only one season. The league folded in 2001 following getting rid of a purported $70 million.