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XFL owner Vince McMahon takes the XFL back very seriously. While investment was still going to be important, people were expecting the league – which will be rolled out by 2020 – to be funded by the $ 100 million WWE stock McMahon has resold in December. However, the actual investment would be much larger, about $ 500 million in the first three years according to ESPN.
Oliver Luck, CEO of the league, said the $ 100 million was still a misconception
. We are focused on the $ 100 million, but the truth is that it does not even bring us to the 20-yard line, "he told ESPN
. . As all teams are owned by the XFL, eight teams with lists of 40 will be the responsibility of the league.
Players must also be insured against injury.
"I've been to all levels of football and the importance of a broad-based insurance program can not be underestimated," said Luck, by ESPN: "There are very few participants signing up for this market and it's obviously expensive."
One thing is for sure: McMahon takes this overhauled XFL very seriously – it remains to be seen whether it can compete with the giant that is the NFL, but McMahon is doing everything in his power to make sure of it.
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