XFL Declares Bankruptcy After Losing ‘Tens of Millions’ Due to Coronavirus

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The XFL, the nation’s newest football league, has filed for bankruptcy, claiming that the coronavirus has cost it tens of millions of dollars.

A spokesman for the league told TMZ that the nation was ready for a new football league.

“The XFL quickly captured the hearts and imaginations of millions of people who love football,” he said, adding, “Unfortunately, as a new enterprise, we were not insulated from the harsh economic impacts and uncertainties caused by the COVID-19 crisis.”

The spokesman added the “heartbreaking” truth is that the passion was not enough in the defeat of the wrath of the coronavirus.

Sports have been brought to a standstill by the virus supposedly costing the nascent league “tens of millions in revenue” after its regular-season games and playoffs were canceled.

Employees were paid their regular salaries until April 12, along with any earned vacation days. The league has also promised to refund ticket holders.

TMZ added that the league counts several creditors including: “head coaches Bob Stoops ($1,083,333.33), Mark Trestman ($777,777.78), Jonathan Hayes ($633,333.33), Winston Moss ($583,333.33).”

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