XFL Parent Alpha Entertainment Files for Chapter 11 Bankruptcy

Alpha Entertainment LLC, an entity owned by Vince McMahon and the parent of the upstart XFL football league, files for Chapter 11 protection from creditors in Delaware.

• Alpha lists assets and liabilities ranging from $10 million to $50 million in its bankruptcy petition
• The XFL canceled the remainder of its inaugural season amid the spreading coronavirus
• Stakeholders include World Wrestling Entertainment Inc. with 23.5% of Class B interests
• St. Louis Sports Commission listed among largest unsecured creditors at $1.6 million
  • The case is Alpha Entertainment LLC, 20-10940, U.S. Bankruptcy Court for the District of Delaware

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