Vince McMahon is prepared to spare no expense in making the XFL a viable rival to the NFL. According to ESPN’s Darren Rovell, the WWE chairman is expected to spend close to $500 million in the league’s first three seasons.
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.Most of that expense will be spent on salaries, with the average salaries for the 40-man rosters being approximately $75,000, with top names making significantly more than that. The XFL is slated to start play 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.
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