WWE Chairman Vince McMahon Plans to Spend $500 Million of His Own Money on New XFL
Vince McMahon is going all in with his plans for the new XFL.
The WWE chairman is showing his commitment to relaunching the football league by throwing $500 million of his own money in to fund the first three seasons of its return, a person with knowledge of the decision tells TheWrap.
As TheWrap previously reported, McMahon began backing the league by selling approximately $100 million in WWE stock last December and moving it into Alpha Entertainment, his wholly owned subsidiary. However, that didn’t turn out to be anywhere close to what they are going to need to make this thing happen.