Vince McMahon expects to spend $500 million on XFL

[Andibald]

WOW!

http://www.espn.com/nfl/story/_/id/2394 ... illion-xfl

The WWE chairman, who began funding the league by selling approximately $100 million in WWE stock and putting it into his wholly owned subsidiary Alpha Entertainment, has informed insiders that he expects to spend closer to $500 million in the league's first three seasons. The XFL is scheduled to reboot in February 2020.

"People were focused on the $100 million, but the truth is that doesn't even get us to the 20-yard line," league CEO and commissioner Oliver Luck told ESPN. Luck accepted the job June 5 and starts at his office across the street from WWE headquarters in Stamford, Connecticut, on Monday.

[Ron]

He needs to be willing to lose money in the early going if there is any chance he could make money off of the XFL down the road. You have to build your brand. The NFL has been around for nearly a hundred years, and it has had that long to build its brand. The fan base will grow the longer the XFL exists. I think Vince gets that.