Bankrupt Football League Blocked From Refunding Ticket Money

April 15, 2020, 8:30 PM

On its first day in bankruptcy court, Vince McMahon’s XFL football league was temporarily blocked from returning $3.5 million to ticket buyers who lost the chance to watch the upstart sports organization when it shut down last month.

  • U.S. Bankruptcy Judge Laurie Silverstein said returning the money was admirable, but could wait a few weeks so other potential creditors could have a chance to weigh in on the refund proposal
  • McMahon, who is chief executive officer of the World Wrestling Entertainment Inc., was also denied the chance to immediately loan XFL $3.5 million after Silverstein ruled the loan ...

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