Speculation now turns to whether this is the right time for the XFL to return and if McMahon is about to lose even more money this time around.
With the National Football League being at a crossroads with multiple controversies that have turned fans away from the sport, a report surfaced last week that Vince McMahon might be trying to revive the XFL.
While it certainly looks like the XFL will be getting a second shot, Vince could be doing this exclusively for merchandise rights.More news: Nashville expected to be named MLS expansion franchise
Last week, a rumor had started making the rounds that WWE Chairman Vince McMahon was aiming to revive the XFL, the rebel football league he started with NBC that only lasted for one whole season back in 2001. WWE did not deny the possible return of the XFL.
Rumors that Vince McMahon wants to reboot the XFL are officially more than just rumors.More news: Hollywood Would Get Big Windfall Annually From Tax Bill
ESPN reported that McMahonm, chairman and chief executive of World Wrestling Entertainment, filed details with the U.S. Securities and Exchange Commission about his sale of 3.34 million shares of WWE, totaling roughly $100 million.
The shares sold by Mr. McMahon represent approximately 4.3% of the Company's total outstanding shares of Class A and Class B common stock.More news: North Korea reportedly testing anthrax-loaded ICBMs
"After the sale, Mr. McMahon beneficially owns 32,193,375 shares of the Company's Class B common stock, which represents approximately 82.8% of the Company's total voting power and approximately 41.8% of the Company's total outstanding shares of common stock", the official legalese from SEC reads. This is in addition to McMahon recently filing additional football trademarks, which included "URFL", "United Football League", "UFL", and "For the love of football".
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