XFL declares bankruptcy and puts its assets up for sale

After being cut short in its inaugural season, the XFL has suspended its operations and has no plans to return.

Monday, the XFL declared bankruptcy, and subsequently has offered its brand for sale along with merchandise and equipment from its eight teams.

The league held a conference call earlier this month to inform the players of the decision and to tell them they were laid off. The suspension happened right before week 6 when the COVID-19 crisis forced it to end the season early.

The XFL refunded every season ticket holder as well as those who bought tickets for the 20-21 season.

The league had a promising start, averaging over 15,000 people in the crowd in some cities. World Wrestling Entertainment CEO and league founder Vince McMahon is the majority stockholder in the now defunct league.