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DISTRESSED DAILY: It’s a Game-Ending Turnover for McMahon’s XFL

April 14, 2020, 12:00 PM

In sports journalism, the unofficial rule is that there’s no cheering allowed in the press box. Apparently there’s no such rule for bankruptcy advisers, judging by the Chapter 11 documents submitted for Vince McMahon’s XFL football league, which heaped praise on the failed enterprise.

  • The declaration for parent company Alpha Entertainment LLC says the XFL “provided high-energy professional football” during the off-season “to bring fans closer to the players and the game they love.” Its February debut met “immediate acclaim,” the company said. “Play was exciting, and fans were engaged ... 80% of game-day fans agreed that the XFL featured ...

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