TheSportster.com

Vince McMahon Sells $100 Million In WWE Shares - One Step Closer To XFL Return?

While the XFL was very entertaining when it debuted in 2001, there is a reason why it only lasted one season. And ESPN's 30 for 30 Documentary did a great job of showing why it failed.

The XFL and WWE Chairman and CEO Vince McMahon ended up losing a total of $35 million after investing $100 million in the league, which hurt both NBC as well as WWE, since they were partners when it came to funding the league.

Now it looks like McMahon might be looking to bring back the XFL 18 years later after filing details with the SEC in order to sell off 3.34 million shares of WWE, which comes out to around $100 million, according to ESPN.com.

RELATED: VINCE MCMAHON OPEN TO CASH IN ON MASSIVE WWE SALE

What's really interesting is that McMahon's reason for selling off the shares point to him starting another business. The filing reason read that the money will be used, "primarily to fund a separate entity from the Company, Alpha Entertainment LLC, which Mr. McMahon established to explore investment opportunities across the sports and entertainment landscapes, including professional football."

We know that Alpha Entertainment is another company of McMahon's, because WWE confirmed so earlier in the week that it was founded back in September.

Now you might be wondering why people are assuming that McMahon is bringing back the XFL. He could be starting any kind of business. Well, he also filed for five trademarks to the XFL recently on December 16th. He did so in order to establish it as a professional football league and cover any merchandise that it may produce.

McMahon did this, since the original trademarks for the XFL were abandoned between 2002-2005.

RELATED: VINCE MCMAHON'S XFL REBOOT NAMES TAKE SHOT AT NFL PROTESTS

I'm not sure that starting another football league would be smart. The XFL was interesting, but the level of play was pretty bad.

I find it interesting that McMahon is interested in bringing back the XFL despite the fact that the NFL is still dealing with a head injury crisis that links diseases like CTE and ALS  to head trauma that comes from a sport like football.

Feel free to comment below and tell us whether or not you think the XFL would be a success this time around, if McMahon plans on bringing it back.

Give TheSportster a Thumbs up!
Patriots Drama Between Belichick Brady And Kraft Has Not been Resolved

Looking for an AD FREE EXPERIENCE on TheSportster?

Get Your Free Access Now!

More in NFL

Vince McMahon Sells $100 Million In WWE Shares - One Step Closer To XFL Return?