Bankrupt Football League Blocked From Refunding Ticket Money

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 ...