Vince McMahon Withdraws Bid for Bankrupt XFL League Assets

May 27, 2020, 5:16 PM

Wrestling entertainment magnate Vince McMahon has withdrawn his bid to purchase the assets of bankrupt Alpha Entertainment LLC, the owner of the fledgling XFL springtime professional football league.

McMahon’s withdrawal, reported in a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware, came in response to an opposition lodged last week by creditors.

The unsecured creditors committee accused the XFL of being little more than a “shill” for McMahon, who was trying to save himself from any creditor claims. The proposed sale would be free and clear of liens and claims, which is typical in bankruptcy sales. ...

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