WWE shares hit record high after XFL return

Phillip Cunningham
January 27, 2018

Hundreds of thousands of football fans have pledged to boycott the NFL because of the league's policy regarding the national anthem.

This week WWE founder and chairman Vince McMahon announced the XFL will return. Interest in the league was reignited when ESPN aired the "This Was the XFL" documentary that chronicled the spectacular football failure.

Vince McMahon of WWE is behind the new league which will have teams in 8 cities with McMahon the sole owner of all teams.

"Don't get me wrong, it's still football, but it's professional football reimagined", the 72-year-old said at a news conference. I'm going to touch on a few them.

The two men, just a year apart in age, go back a long way. McMahon said the schedule, created to fill the seven-month gap without the National Football League, could begin as early as the end of January. The XFL will have eight teams.

The XFL is making a comeback.

I'm not going to get into the politics of those rules (the league being created conveniently amid criticism toward the NFL from McMahon's longtime friend, President Donald Trump) but more about what this version of the XFL is about.

The city already has two teams in the Chargers and Rams, although both teams have had problems attracting fans to watch their games live.

McMahon, smartly, has said players on winning teams will be paid more than those on losing teams. He wants a 2-hour game and even tossed out the idea of eliminating halftime.

Fast paced, family friendly with no players with rap sheets, focusing on player safety and no crossover between the XFL and his other enterprise, WWE.

The XFL is coming back in 2020. "And nothing to do with social issues, either. There were really good football players". "If you have any sort of criminal record or commit a crime you aren't playing in this league".

In a scramble, the ball would be placed at midfield and a player from each side would race for it.

The XFL was a spectacular financial failure in its first run, losing McMahon and USA television broadcaster NBC a reported US$70 million.

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